您现在的位置是:Hotspot >>正文
【tc ratio for ovulation】GM and Sao Paulo in talks to invest 9 billion reais for tax breaks - report
Hotspot737人已围观
简介SAO PAULO (Reuters) - Automaker General Motors Co is in talks to invest 9 billion reais (2 billion p ...
SAO PAULO (Reuters) - Automaker General Motors Co is tc ratio for ovulationin talks to invest 9 billion reais (2 billion pounds) in the Brazilian state of Sao Paulo over the next three years in return for tax incentives, newspaper Valor Economico reported on Friday.
GM has in recent weeks warned its employees in Brazil that "sacrifices" would be necessary for the company to return to profit in the country, raising concerns about layoffs or shuttered assembly lines. Last month, the carmaker told public officials and unions it was in talks with Sao Paulo state about tax incentives.
Valor reported that GM would invest in its product line until 2022, and then the following year, the company would start to enjoy tax rebates. Valor, which also reported that GM's losses in Brazil last year totalled 1 billion reais despite being the country's market leader, did not specify the exact amount GM would expect to generate in tax incentives.
GM declined to comment.
Last year, Brazil's government granted carmakers a 15-year package of tax breaks – extending subsidies for an industry that has struggled to compete directly with production elsewhere despite high import barriers.
Economy Minister Paulo Guedes, who took office as part of a new business-friendly federal government this month, has said Brazil cannot afford to keep subsidizing powerful industries, arguing that an end to protectionist policies will make the economy more competitive.
(Reporting by Tatiana Bautzer; editing by David Evans and Chizu Nomiyama)
View comments
Tags:
相关文章
ValOre Initiates Multi-faceted Optimization Testwork at Pedra Branca and Receives Preliminary Platsol™ Metallurgical Recoveries of 93.4% for Palladium and 95.3% for Platinum
HotspotVANCOUVER, British Columbia, Nov. 02, 2020 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; the “C ...
【Hotspot】
阅读更多Intrinsic Calculation For Genmab A/S (CPH:GEN) Shows Investors Are Overpaying
HotspotI am going to run you through how I calculated the intrinsic value of Genmab A/S (CPH:GEN) by taking ...
【Hotspot】
阅读更多US futures fluctuate after S&P 500 hits all-time high
HotspotU.S. stock index futureswavered in a narrow range Wednesday, following the ADP private-sector job re ...
【Hotspot】
阅读更多
热门文章
- LeadsRx and WideOrbit Partnership Gives Advertisers Access to Advertising Campaign Data to Maximize ROAS
- EM ASIA FX-Most Asian currencies weaken as growth fears set off 'flash crash'
- Expert views: Government steps up rural funding in last budget before election
- Keeping Up with the Kardashians Recap: Bruce Jenner Prepares to Undergo Facial Feminization Surgery
- Is Cobre (ASX:CBE) In A Good Position To Deliver On Growth Plans?
- One Thing To Remember About The Peking University Resources (Holdings) Company Limited (HKG:618) Share Price
最新文章
-
Russia's ruling party backs idea to allow Putin to run again for president - RIA
-
Can Jiashili Group Limited (HKG:1285) Maintain Its Strong Returns?
-
Hedge Funds Are Dumping CSX Corporation (CSX)
-
Robert Carlyle hints at Trainspotting 2 details
-
Harvard and Yale Are No Match for the Bears
-
Cameco (TSE:CCO) Could Be Struggling To Allocate Capital
友情链接
- Invest Like The One Percent With These Three ETFs
- Best Buy deals on top-tier devices by Samsung, Sony and more are ushering in 2022 with huge savings
- What Is Birth Tourism? U.S. Arrests China-Linked Operators for the First Time
- Dollar steady with eyes on Fed for rate clues; kiwi higher
- 6 Things Employees Should Know About the Family and Medical Leave Act
- BRIEF-State Energy Group International Assets Holdings Says Au Yeung Ho Yin Resigns As CFO
- Nabors Industries Ltd (NBR) Files 10-K for the Fiscal Year Ended on December 31, 2018
- Less Scottish fish for EU diners without Brexit deal -fishermen
- WitcherVerse Continues to Storm the Market with Topping the Charts on CoinMarketCap
- What To Know Before Buying Premier Financial Bancorp, Inc. (NASDAQ:PFBI) For Its Dividend