Brazil Reportedly Extending Tax Break for Car Buyers

Newswire

BRASILIA, June 27 (Reuters) - Brazil's government will extend a tax discount on car sales beyond next month in the latest attempt to help a key industrial sector and avoid job losses, a local newspaper reported on Friday. The IPI tax on automobiles will remain at its current reduced levels for an indefinite period beyond July 1, when it was scheduled to go up, Valor Economico said. A Finance Ministry spokesman was not immediately available to comment on the report. Brazil is a key base ...

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