Bloomberg News

Brazil Extends Tax Cuts on Consumer Goods to Revive Economy

August 29, 2012

Brazil is extending tax cuts on the purchase of several consumer goods that were set to expire this month, Finance Minsiter Guido Mantega said.

Tax cuts on the purchase of washing machines, furniture, stoves, refrigerators and other home appliances will be extended until Dec. 31, Mantega told reporters in Brasilia

To contact the reporter on this story: Arnaldo Galvao in Brasilia Newsroom at agalvao1@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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