Brazil to Offer Tax Incentives to Semiconductor Industry

Staff Reporter -- Electronic News, 8/15/2006

Brazil plans to offer new tax incentives to the semiconductor industry.

The Finance Ministry in Brazil said that the government will issue an executive order this year offering the tax incentives, according to a Dow Jones report. No further details or time frame for the incentives were provided.

Brazil's government has been studying the tax incentive measure as a way to attract investment to the semiconductor sector in that country, according to statements by Finance Minister Guido Mantega last week, the Dow Jones report said.