Brazil keeps tax on autos low to stimulate economic growth

Newswire

By Anthony Boadle BRASILIA, March 30 (Reuters) - The Brazilian government postponed until next year increases in taxes on the sale of cars and trucks in a bid to stimulate demand for manufactured goods and spur economic growth, the Finance Ministry said on Saturday. The IPI tax on manufactured products was reduced last year for vehicles as part of a barrage of tax breaks and other stimulus measures by President Dilma Rousseff's government to restore life to a ...

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