Brazil aims to reduce business taxes
Brazilian President Dilma Rousseff has pledged to reduce business taxes on local businesses to help them invest and compete in a world awash with cheap money that is hurting Brazil’s economy, Veja magazine reported on Saturday. Speaking after a meeting with industry leaders, Ms Rousseff told the weekly magazine in an interview on Thursday that the way out of Brazil’s struggle with inflation and slow growth was lower taxes to spur private investment. “Today … I met with some of…
Brazil considering leasing farm land to foreigners to circumvent sales restrictions
MercoPress South Atlantic New Agency Report Brazil may start leasing farm land to foreigners to find a way around new legal restrictions on land sales and attract more foreign investment, the agriculture minister said. Last year, foreigners seeking to buy large plots of land began running into legal roadblocks, after the attorney general’s office reinterpreted real estate law amid concern over property speculation by overseas investors. But President Dilma Rousseff, who took office in January, is looking…
