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Brazil Flash: ‘Government announces a new measure to protect domestic industry against the appreciation of the currency’

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Published on Thursday, September 15, 2011

Brazil Flash: ‘Government announces a new measure to protect domestic industry against the appreciation of the currency’

The government raised the industrial products tax (IPI) by 30 percentage points for those carmakers whose vehicles do not have at least 65% of their content produced locally or regionally (Mercosur and Mexico) and that do not satisfy some RD investment requirements.