Levy says that granting incentives to companies creates legal uncertainty

By ETCO
27/02/2015

Finance Minister Joaquim Levy speaks during a lecture at an event promoted by the France Brazil Chamber.The granting of tax incentives to the private sector creates legal risk, said Finance Minister Joaquim Levy on Monday, reinforcing that the fiscal adjustment put in place by the government is important to alleviate investors' fears.

"The idea of ​​offering tax incentives to companies at this time creates legal uncertainty," said the minister in a speech by the France Brazil Chamber of Commerce, in São Paulo.

Source: Reuters (23/02)

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