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Brazil's Senate fails to pass aviation fuel tax reduction
November 29, 2017 / 9:57 PM / 13 days ago

Brazil's Senate fails to pass aviation fuel tax reduction

BRASILIA, Nov 29 (Reuters) - A Senate resolution that would have reduced fuel costs for airlines in Brazil failed to muster the needed two-thirds majority on Wednesday and was shelved.

The measure that proposed a maximum 12 percent ICMS sales tax for all aviation, from crop dusters to passenger jets, would have benefited Brazil’s main domestic airlines LATAM Airlines , GOL Linhas Aéreas Inteligentes, Azul Linhas Aéreas Brasileiras S.A. and Avianca Brazil.

Reporting by Anthony Boadle Editing by Sandra Maler

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