Brazil Said to Scrap Plan to Tax Local Infrastructure Bonds

  • Economic team aims to present new measure to Congress by June
  • Government to consider market demands when setting regulation

Brazil’s economic team, led by Finance Minister Nelson Barbosa, is scrapping plans to tax local bonds that fund infrastructure projects and is instead reviewing a proposal to levy other fixed-income instruments, a member of the group said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.