Brazil: group asks for tax change as wet blue value - leatherbiz: Lea Leatherbiz

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Brazil: group asks for tax change as wet blue value shrinks

07/01/2011
A group representing the rural economy in Brazil has asked the government to lift export taxes on wet blue hides from the South American country. Wet blue exports have carried a 9% taxation levy since 2000 and the group, called CNA, has argued that the measure has reduced the value of Brazilian wet blue from 11% of the value of a cow to 1.5% over the ten-year period.

The organisation said that, with a slaughter rate of around 40 million head of cattle a year, Brazil did not have the production capacity to turn all its hides into finished leather and that exporting more as wet blue would make sense for everyone in the leather supply chain.


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