Brazil cuts electricity taxes to bolster economy
BRASILIA, Sept 11
BRASILIA, Sept 11 (Reuters) - Brazil unveiled plans on Tuesday to cut electricity taxes in a bid to lower energy costs for industries and residential consumers, the latest attempt by President Dilma Rousseff to re-energize her country's once-booming emerging economy.
Energy Minister Edison Lobão said the tax cuts for electricity producers and distributors will lower power costs by between 16 and 28 percent, depending on the consumer.
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