08
Jun
10:18
Brazilian steelmakers bemoan reduction of tax incentive
Brazil's steelmakers are looking to take legal action over the national government’s decision to reduce the Reintegra incentive taxes, says their association Instituto Aço Brasil (IAB). The Brazilian government has taken this step to deal with the aftermath of May's truck drivers' strike in the country.
Reintegra is a repayment system of non-recoverable taxes in the production chain in Brazil, Kallanish notes. "The reduction of…
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Anonymous
Very good overview of the weekly steel market.
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