NEW YORK & SAO PAULO--(BUSINESS WIRE)--Tax incentives are making Brazilian state budgets difficult to manage. They are not transparent and could be as high as 30% of some states' annual revenues. The incentives have also led to lawsuits with sizable settlements. Making these incentives transparent and limiting their scope would reduce this risk, Fitch Ratings says. In our view, if properly applied, more transparent and prudent tax incentives could reduce regional inequalities and promote social