Dealing with the Real; Brazil's Industrial Policy  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8745 (Aug. 2011), page 35.
Topik: International; Corporate Taxes; Tax Regulations; Regulatory Reform; Industrial Policy

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.67 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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A few lucky Brazilian businessmen are about to have their prayers answered: they will soon be paying lower taxes. From the beginning of October manufacturers in four labour-intensive industries--clothing, footwear, furniture and software--will see the main payroll tax, of 20%, abolished. The tax cut is the centrepiece of President Dilma Rousseff's long-awaited industrial policy. From the beginning of October manufacturers in four labour-intensive industries--clothing, footwear, furniture and software--will see the main payroll tax, of 20%, abolished. The government will claw back some, but not all, of the 25 billion reais ($16 billion) the measure will cost it over the next 18 months by taxing turnover at 1.5% (2.5% for the software industry). If by the end of 2012 the scheme is deemed a success, it may be extended to other industries and made permanent.

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