Foxconn gets Brazil tax breaks, looks to begin iPad production

“The Brazilian government has approved tax reductions or exemptions pertaining to tablet production that will allow Apple manufacturing partner Foxconn to start iPad production in the country,” Mikey Campbell reports for AppleInsider.
“Brazil’s Inter-Ministerial Decree 34, which allows for a reduction or exemption from taxes for certain tablet computers, was signed on Monday and published in the country’s ‘Official Gazette’ on Wednesday, clearing the way for Chinese manufacturer Foxconn to begin production of Apple’s iPad, reports Portuguese language newspaper Folha,” Campbell reports.

Campbell reports, “Specifically, the decree states that companies investing in the research and development of keyboardless touchscreen tablets weighing less than 750 grams qualify for IPI (Excise Tax), PIS (Social Contribution Tax) and COFINS (Federal Contribution Tax) incentives. Also included under the decree are accessories, cables, power supplies and manuals associated with tablet computers.”

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