Paloma Rosa, partner in the Tax & Customs practice, speaks to BNamericas about the Brazilian government’s decision to increase the blend of biofuels in fossil fuels starting in August and the measure’s potential to bring positive environmental and economic impacts, despite technical and logistical challenges remaining.
Paloma highlighted that Brazil's tax reform process has sought to guarantee incentives for the production and sale of biofuels to the detriment of the tax cost attributed to fossil fuels.
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