SAO PAULO, April 2 Brazil slashed a financial
transactions tax on several infrastructure projects to zero,
according to a government decree published on Tuesday, in
another bid to boost investments and kickstart economic growth.
The move ends the so-called IOF tax on certain types of
working capital for infrastructure, on operations to finance the
purchase or leasing of capital goods, and on roads and railways
concessions, among other infrastructure projects.
The decree did not specify the previous levy.
Brazil, host to the 2014 World Cup and 2016 Olympic Games,
has suffered recently with weak growth and high inflation rates
after years of low investments.