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Brazil’s tax reform plans to reduce taxes for industry, says minister

The tax reform planned by the government of Brazilian President Luiz Inácio Lula da Silva foresees a tax reduction for the industrial sector, announced yesterday, Tuesday, by the Minister of Economy, Fernando Haddad.

"Our idea of tax reform foresees the reduction of taxes for the industry", Haddad assured journalists after meeting with the Brazilian Federation of Banks (Febraban) in São Paulo to discuss the tax reform.

Brazil, Latin America's leading economy, has the most significant industrial park in Latin America, concentrated in the state of São Paulo (southeast).

President Lula has said that one of his . . .

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