Information technology sector investment may reach US$ 460 mn in 2007, says minister
Enactment of the Brazilian information technology law, which forecasts exemption of the Industrialized Product Tax (IPI) in some states and an 95% reduction in others until 2014, among other incentives, should boost sector investment from the current R$ 600 million (275 million) to R$ 1 billion (US$ 460 million) by 2007. To the minister, the loss of income from the taxes should be compensated by greater sector revenues.
By Mark Ament
