“The Brazilian government has approved tax reductions or exemptions pertaining to tablet production that will allow Apple manufacturing partner Foxconn to start iPad production in the country,” Mikey Campbell reports for AppleInsider.
“Brazil’s Inter-Ministerial Decree 34, which allows for a reduction or exemption from taxes for certain tablet computers, was signed on Monday and published in the country’s ‘Official Gazette’ on Wednesday, clearing the way for Chinese manufacturer Foxconn to begin production of Apple’s iPad, reports Portuguese language newspaper Folha,” Campbell reports.
Campbell reports, “Specifically, the decree states that companies investing in the research and development of keyboardless touchscreen tablets weighing less than 750 grams qualify for IPI (Excise Tax), PIS (Social Contribution Tax) and COFINS (Federal Contribution Tax) incentives. Also included under the decree are accessories, cables, power supplies and manuals associated with tablet computers.”
Read more in the full article here.
Uh, duuuhhh…
You do, of course, know that the President of Brazil is an actual Socialist and that Brazilians enjoy socialized medicine, education and more?
“Enjoy” socialized medicine….oh really? I lived several years under socialized medicine… didn’t find anyone who enjoyed it. I did find a lot of people… mainly everyone, who feared it.
I lived with socialized medicine while in the Armed Forces of the United States. It was kind of nice and the quality of care was excellent.
+1
I have heard from many who felt that their central payer system worked well. Like anything else, there can be good and bad implementations of a health care system.
The system that we have right now in the U.S. is not all that great. If you are very poor, the system forces you to rely on emergency care facilities. If you are just poor to lower middle class, you are forced to choose between health insurance, food, and other basic needs. If you are middle class, then health insurance costs eat up a substantial portions of your income, assuming that your job even offers health insurance. If not, then it is likely too expensive. Even wealthy Americans do not necessarily enjoy great health care or superior outcomes.
Profit should not be the primary objective in a health care system. It is an embedded conflict of interest.
I escaped from the UK and got out from under their auto unions and their failing NHS. The USA has allowed me to prosper, but I’m afraid for the future unless we send this marxist dictator packing.
good fucking riddance.
To who? Obama or Jean Poole? Hopefully you mean the latter.
Obrigado
Rarely a good thing for the local economy in 3rd world countries, and sometimes developed nations too.
Significant gov’t tax breaks (read “sweetheart deals”) for new industry rarely benefit (e.g. quality of life) the majority of assembly line workers or day laborers within these businesses, or the local community providing space for the new enterprise.
Depressed wages and working conditions are usually the norm for those working in the trenches. Add to that the additional local cost for increased road traffic, pollution, crime, health cost etc. and you essentially get a financial mess the taxpayer has to deal with over a long period of time, while the business owner reaps a windfall.
Same is true for sports stadiums in the US. Miam’s new baseball stadium comes to mind.
What’s even worse than the Miami stadium situation was Seattle’s. Paul Allen held the city hostage until the taxpayers bought him a stadium and he has enough money to have practically bought the City of Seattle-net worth of something like $20 billion?
This is the same socialist Brazil that their fellow traveller (The Mighty ‘O”) is buying aircraft from, to the detriment of the US workers.
This is the cheeriest comments section!!!
From an Apple earnings standpoint, cheaper prices = MUCH greater volume. The big question is, when will they ramp up production enough to really bolster iPad sales in South America … 2nd quarter or 3rd?
” cheaper prices = MUCH greater volume”
Yes but look at what that strategy did for Dell.
61 billion in revenue but only 5.7 biilion in earnings. talk about getting blood out of a stone.
This is going to give a whole new meaning to…”Getting a Brazilian”.
clearing the way for Chinese manufacturer Foxconn to begin production of Apple’s iPad
Good! Hopefully this will inspire Apple to GET ENTIRELY THE HELL OUT OF CHINA!