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2 results for “fuel tax cuts

Brazil Government Claims Windfall Oil Revenue Secures Fiscal Space for Fuel Tax Cuts
PROPoliticsSep 10

Brazil Government Claims Windfall Oil Revenue Secures Fiscal Space for Fuel Tax Cuts

Lula’s administration cuts federal PIS/Cofins fuel taxes and boosts diesel subsidies, assuring investors the cost is offset by oil export revenues.

Brazil Congress Passes Fuel Tax Cut Bill Riddled With R$600 Million in Industry Tax Breaks
PoliticsAug 13

Brazil Congress Passes Fuel Tax Cut Bill Riddled With R$600 Million in Industry Tax Breaks

Brazil's Congress passed a major fuel tax cut bill, but only after adding multiple unrelated tax breaks, known as jabutis.