Brazil plans tax breaks for ethanol sector -paper

Newswire

* Govt prepares package to stimulate ethanol production * Ministries discussing tax breaks and fuel price hike SAO PAULO, May 31 (Reuters) - Brazil's government plans to cut taxes for its ethanol sector to stimulate production of the widely used biofuel, as ethanol output remains anemic after the 2008 financial crisis triggered industry consolidation, local papers reported on Thursday. According to Brazil's Valor Economico financial daily, an unnamed, high-level source in the administration ...

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