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Brazil Raises Taxes on Imports, Fuel and Credit

Brazil Raises Taxes on Imports, Fuel and Credit

By Narayan Ammachchi Brazil has raised taxes on fuel, imports and consumer loans as Latin America’s biggest economy battles to narrow budget deficits. According to new Finance Minister Joaquim Levy, the tax rise will raise government revenue by US$7.8 billion ...

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Brazilian Currency Hits Nine-Year Low

Brazilian Currency Hits Nine-Year Low

By Narayan Ammachchi Brazil’s real fell to a nine-year low on Tuesday, with the economy showing all signs of slipping back into the recession. Although Brazil was in recession technically in the first four months of this year, its GDP ...

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Brazil to Make Payroll Tax Breaks Permanent

Brazil to Make Payroll Tax Breaks Permanent

By Narayan Ammachchi The Brazilian government has decided to permanently reduce payroll tax on a wide range of industries, including information technology, call centers and telecommunications, in a bid to reinvigorate slowing employment growth. A temporary measure to provide tax relief was due ...

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