November 29, 2017 / 9:56 PM / in a year

Brazil's Senate fails to pass aviation fuel tax reduction

BRASILIA, Nov 29 (Reuters) - A Senate resolution that would have reduced fuel costs for airlines in Brazil failed to muster the needed two-thirds majority on Wednesday and was shelved.

The measure that proposed a maximum 12 percent ICMS sales tax for all aviation, from crop dusters to passenger jets, would have benefited Brazil’s main domestic airlines LATAM Airlines , GOL Linhas Aéreas Inteligentes, Azul Linhas Aéreas Brasileiras S.A. and Avianca Brazil.

Reporting by Anthony Boadle Editing by Sandra Maler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below