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By Ben Tavener, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Brazilian government has extended its policy of reduced IPI (tax on industrialized products) for vehicles for a fourth time, with a return to standard rates now scheduled for December 2013. Until then it will range between two and eight percent. 

The initial term for reduced IPI, which was cut to between zero and 6.5 percent depending on the vehicle, was only three months when it was first announced . . .

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