Brazil introduces tax breaks

In return for the tax breaks, the companies are required to purchase local materials and invest in less developed regions of Brazil.
The tax cuts are expected to bring in about US$9,15 billion in new investment by communication companies over the next few years for network expansion.

The move came less than a week after Brazil cut federal taxes last Friday for several staple foods and cleaning products, which will lower their prices by about 10 percent.
In 2012, Brazil’s growth rate registered a lower-than-expected 0,9 percent, while unemployment fell to a record-low 4,6 percent. — Xinhua.