Brazil slashes import tax on beer cans for World Cup frenzy
Published 22:30 31/05/10 By MirrorFootball
Brazil's government has slashed import tariffs slapped on beer cans to avoid shortages during the World Cup.
The Ministry of Development, Industry and Foreign Trade said import tariffs levied on aluminum cans used by the local beer industry will be temporarily reduced from 16 per cent to two percent.
The state news service Agencia Brasil said that the ministry decided to reduce the tariffs to prevent shortages because local can manufacturers are operating to full capacity and consumption is expected to rise by at least 15 per cent during the Wold Cup.
Also, the Central Bank said that when Brazil's national team takes to the field, banks will be allowed to reduce working hours so that their employees can watch the games.
Whenever Brazil plays, banks will attend to the public during four hours instead of the normal six. Depending on the hour of a game, banks will either let their employees go home early or close before the game and reopen after the match.