Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Brazil Government Considers Permanent Tax Cuts, O Globo Says

Don't Miss Out —
Follow us on:

Feb. 16 (Bloomberg) -- Brazil’s government is considering making permanent certain tax cuts that were implemented to spur the economy, local newspaper O Globo reported.

One of the reductions that would be made permanent is a 3 percent credit for companies that export manufactured goods, according to the newspaper. Aside from sparking growth, the tax cuts also would help control inflation, O Globo said

Brazil’s government will implement tax cuts of 85 billion reais ($43.2 billion) this year, which will include 40 billion reais in new stimulus for producers, O Globo said.

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

To contact the editor responsible for this story: Sylvia Wier at swier@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.