Brazil to extend tax breaks as growth, elections eyed


SAO PAULO (Reuters) - Brazil will extend payroll tax breaks to 14 new sectors starting in 2014, the latest in an offensive by President Dilma Rousseff's government to keep businesses hiring and strengthen her re-election chances next year.

In a decree published late on Thursday, the government said it will eliminate payroll taxes for construction, engineering, railway and sea transportation companies. Instead those companies will pay between 1 percent and 2 percent of their gross revenue.

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