Mantega to Eliminate IOF Tax on Auto Loans, IstoE Says

(Corrects name of the magazine’s website reporting the information in headline in first paragraph.)

Brazilian Finance Minister Guido Mantega will eliminate the so-called IOF tax on auto loans as part of a package of measures he will announce today to help the car industry, Guilherme Barros, a columnist at Sao Paulo-based IstoE Dinheiro said on the magazine’s website, without saying how he obtained the information.

Mantega is scheduled to speak to reporters at 6pm Brasilia time today.

To contact the reporter on this story: Matthew Bristow in Brasilia at mbristow5@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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