Federal government net tax revenue drops 30 percent in April

The net tax revenue of Brazil’s federal government fell 30 percent in April, according to newspaper Valor. The decrease comes as a result of the reduction of economic activity and the postponement of taxes — originally set to be paid in March and April — until August and October. The fall accompanies poor results for the services and industrial sectors, which reported reductions of 6.9 percent and 9.1 percent in March.

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