By Ben Tavener, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – The reduction in the tax on industrialized products, known as IPI (Imposto sobre Produtos Industrializados), that was brought in to encourage spending on cars and domestic white goods, such as ovens and refrigerators, to jump-start growth in the Brazilian economy is set to end this Friday, August 31st.
Pressure from companies and influential business figures has been mounting on the government to extend the program, and a meeting is said to have been scheduled this week to discuss the matter.
Businesses were banking on bumper “final weekend” sales, pre . . .