Sunday, April 18, 2010

FIFA Gets Tax Exemption for Cup-Related Expenses in Brazil

The Brazilian government has made a deal to exempt FIFA and its partners from taxes related to goods and services purchased to prepare for the 2014 World Cup.

"The decision to exempt FIFA is based on the assessment that Brazil stands to win a lot more by the stimulating effect on the economy. Releasing tax money will have a smaller impact than what is set to be generated by the economy and will be collected through taxes," the [Brazilian Planning Minister Nelson Machado] noted.

FIFA to be exempt from taxes
News 24
April 16, 2010