New booze tax is deferred

The Government has decided to postpone by three months the new tax increase on cold drinks that would be worth in the day 1° June, after a meeting between the Minister Guido Mantega and some representatives of the sectors of bars and restaurants.
Therefore, shall enter into force only in September and the expectation is that the price of the drinks increase 2.25% on average for the final consumer. "We made a pact with the sector not to be increased during the World Cup," said Mantega. The measure was taken after the President of the Brazilian Association of bars and Restaurants (Abrasel), Paulo Solmucci said that if the increase occurred shortly after the World Cup, would lead to the dismissal of 200 thousand employees.