Brasil 2014 World Cup Tax Incentives

Erika Tukiama

 

Overview
> Host country: Brazil
> Dates: 12 June to 13 July
> Teams: 32
> Stadiums/Host cities: 12 (in comparison to the South Africa: three additional stadiums and two additional host cities)Belo Horizonte, Brasilia, Cuiabá, Curitiba, Fortaleza, Manaus, Natal, Porto Alegre, Recife, Rio de Janeiro, Salvador, São Paulo
> Sports Ministry spending plans are estimated to exceed USD 5 billion
> Public works projects: USD 52 billion planned to develop infrastructure
> In 2009, the Brazilian Development Bank (BNDES) opened a credit line of  USD 2,6billion for the World Cup stadiums
> Investments are expected to result in 121,000 new direct and indirect employments per year

 

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