Brazil New-Car Tax Edging Up in 2014

Newswire

BRASILIA, Dec 24 (Reuters) - The Brazilian government said on Tuesday it will gradually roll back tax breaks on cars next year, amid worries from producers that higher duties could hit sales in the South American country. The government had previously announced it planned to return the industrial products tax, known as IPI, charged on cars and other products to the normal level as a way to make up for the billions of dollars in lost revenue that severely deteriorated Brazil's finances ...

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