Brazil renews industry tax breaks to lift economy


BRASILIA, June 29 (Reuters) - Brazil's government on Monday renewed a series of tax breaks for the automobile, home appliance and construction industries in a bid to lift Latin America's largest economy out of recession. The tax breaks, which were to expire this week, were extended for six months for trucks and for three months for passenger cars and motorcycles, Finance Minister Guido Mantega said. The tax reduction was extended until October for home appliances and until December for ...

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