Despite federal government compensation, states could face tough 2024 after losing revenues from taxes, federal grants 03/04/2024 Renata dos Santos — Foto: Ricardo Ledo/Valor While the federal government compensated states for losses from lower collection of the Tax on Circulation of Goods and Services (ICMS), the combined revenues of Brazil’s 26 states and the Federal […]
Economists discuss whether it’s time for monetary authority to revise forecasts of 50bp cuts in key interest rate 03/04/2024 Gabriel Galípolo — Foto: Pedro França/Agência Senado As monetary easing progresses in Brazil, a debate is gaining momentum in the market as to when the Central Bank’s Monetary Policy Committee (COPOM) will adjust the communication of […]
MURRAY ADVOGADOS
Issue coordinated by Itaú BBA is Brazil’s largest operation in this segment 02/29/2024 Kanastra’s Netto and Solfácil’s Tiret — Foto: Ana Paula Paiva/Valor Solfácil, a company operating in the solar power industry, has raised R$600 million in Real Estate Receivables Certificates (CRIs) with the asset management company Kanastra. The objective is to enable the financing […]
French group is expected to relinquish control of the chain in the country; a share offer in Brazil could proceed by April 02/29/2024 Jean Charles Naouri — Foto: Leo Pinheiro/Valor The French group Casino had to write off €1.85 billion in 2023 related to its investments in GPA, the operator of Pão de Açúcar. This […]
Proposal is unlikely to be included in final statement of finance ministers’ meeting in São Paulo 02/29/2024 Finance Minister Fernando Haddad participated in the meeting via videoconference because he recently tested positive for COVID-19 — Foto: Kelly Fersan/MF At the opening of the G20 finance ministers and central bankers’ meeting in São Paulo, Brazilian Finance […]
Tax exemption helps create jobs, companies and trade unions say 02/28/2024 Alexandre Padilha — Foto: Fabio Rodrigues-Pozzebom/ Agência Brasil President Lula signed a provisional executive order on Tuesday (27) that eliminates the reintroduction of taxes for 17 labor-intensive sectors. The issue will be addressed through an urgent bill sent to Congress. The information was released […]
February mid-month index saw lower increase in food; service prices concern economists 02/28/2024 Luis Otavio Leal — Foto: Celso Doni/Valor Brazil’s mid-month inflation index IPCA-15, known as a reliable predictor for official inflation, indicated a 0.78% increase in prices in February. Despite the rise compared to January, when the index went up 0.31%, February brought […]
The volume is more than triple that of the previous year, when the federal government won lawsuits totaling R$30bn 02/28/2024 Carlos Higino — Foto: Wenderson Araujo/Valor Taxpayers lost disputes totaling R$109 billion at the Administrative Council of Tax Appeals (CARF) in 2023, more than triple the volume recorded in the previous year of R$30 billion. […]
Mills are calling for an increase in the import tax on the material to 25% and for China to be investigated for “dumping” 02/26/2024 José Velloso The tug-of-war between Brazil-based steelmakers and the steel-consuming sectors, which became personal between the end of 2023 and the beginning of this year, has returned to the sectoral arena, […]