Brazil Government Considers Permanent Tax Cuts, O Globo SaysMatthew Malinowski
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.