Brazil: Minister denies tax cuts on locally-built cars

Brazilian Minister of Finance, Guido Mantega, has denied any government tax cuts on locally-produced cars in order to boost the country's economy. On 13 December, a columnist at Sao Paulo-based IG.com claimed that the government intended to announce such a cut in taxes in the coming days, Bloomberg reports. The website did not, however, Subscribe to Automotive World … Continued

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• December 16, 2011