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Brazilian judge allows fuel tax hike, overturns suspension
JULY 26, 2017 / 4:01 PM / 3 HOURS AGO
Brazilian judge allows fuel tax hike, overturns suspension
BRASILIA, July 26 (Reuters) - A Brazilian court allowed the government to raise taxes on fuels to reduce a budget deficit, the government's lawyer's office said on Wednesday.
The increase in the federal PIS/Cofins social contribution tax on gasoline, diesel and ethanol is expected to raise an estimated 10.4 billion reais in additional revenues this year. (Reporting by Silvio Cascione; Editing by David Gregorio)
http://www.reuters.com/article/brazil-economy-tax-idUSE4N1IY009?rpc=401&
(Short article, no more at link.)
