Result includes social tax PIS/Pasep and revenue from sale of electric utility Copel and excludes court-ordered payments 01/30/2024 Rogério Ceron — Foto: Washington Costa/MF The Lula administration posted a primary deficit of R$230 billion in its first year, the worst result since 2020, as reported on Monday (30) by the National Treasury. Of that amount, […]
Officials project scenarios for extending investment installments, creating new lines of financing, and measures to support commercialization 01/25/2024 Carlos Fávaro — Foto: Edilson Rodrigues/Agência Senado The combination of a predicted shortfall in Brazil’s grain harvest and continued low international commodity prices has created a scenario that is as rare and complex as it is potentially […]
Inclusion of combustion engine cars in extension of tax incentives changed scenario in Brazil 01/25/2024 Shilpan Amin and Santiago Chamorro — Foto: Gesival Nogueira Kebec/Valor General Motors announced this Wednesday (24) a robust investment program for Brazil, totaling R$7 billion from 2024 to 2028. The amount will be used to renew its entire product line […]
Industry support measures spread fear about use of public funds 01/24/2024 José Luis Gordon — Foto: Leo Pinheiro/Valor Although the government’s new industrial policy launched on Monday (22) has raised concerns among economists about the use of public funds to back investments, most part of the amounts were already included in the Brazilian Development Bank’s […]
Brazil’s tax authority cites atypical factors, believes annual result was positive 01/24/2024 Robinson Barreirinhas — Foto: EDU ANDRADE/Ascom/MPO Federal revenues ended 2023 virtually stable compared to 2022, with a real decrease of 0.1%, totaling R$2.3 trillion (at current prices). Brazil’s Federal Revenue Service estimates that the result was “quite positive” despite atypical factors that affected […]
Under criticism for resuming old practices, Brazil’s government proposes to modernize sector but lack of clarity worries 23/01/2024 President Lula, Vice President Geraldo Alckmin, and Ministers Esther Dweck and Rui Costa — Foto: Brenno Carvalho/Agência O Globo The government’s new industrial policy, announced on Monday (22), envisages approximately R$300 billion in contributions by 2026 through […]
Companies announced cuts in trips in November due to a lack of aircraft 23/01/2024 Congonhas Airport in São Paulo, one of the busiest and most profitable in the country, is expected to see a smaller reduction in the number of flights offered by airlines — Foto: Maria Isabel Oliveira/Agência O Globo As airlines reduced the […]
Claims by lawmakers echo Ban The Batistas movement, whose supporters are not known 23/01/2024 U.S. senators claim that JBS listing would put shareholders in the country at risk — Foto: Divulgação After British lawmakers have requested that the U.S. Securities and Exchange Commission (SEC) block the proposed listing of JBS on the New York Stock […]
With the sale of non-strategic assets, Gerdau will define the allocation of new investments 19/01/2024 Gustavo Werneck — Foto: Carol Carquejeiro/Valor In a move to focus on strategic assets, particularly in Brazil, the U.S., Mexico and Canada, Gerdau announced on Wednesday (16) the sale of its stake in the Diaco and Gerdau Metaldom joint ventures […]
Brazilian retailers, industrial companies go to the Supreme Court to denounce tax inequality 19/01/2024 Data obtained by Valor show that from August to December 2023, after the start of the Remessa Conforme program—Portuguese for “compliant shipments,” which established new import rules for orders up to $50—tax revenues reached R$700.5 million, an increase of about 122% […]