By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Tax exemptions and reductions given by the Brazilian government to major industry sectors were greatly responsible for the significant decline in federal revenues from January to November which in turn affected public accounts, says Brazil’s Receita Federal (Federal Revenue Service).
According to news agency, Agencia Brasil, data from Brazil’s Federal Revenue Service shows that the government obtained R$22.815 billion less this year from taxes and a great part of it was due to tax exemption and reduction given by the Rousseff Administration to Subscribe to our Premium Membership Plan. Already Subscribed? Login Here