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Murray News

States increasingly resort to sales tax hikes

Governors raise general tax rate in an effort to recover revenue losses 02/03/2025 The movement to increase the general rate of the sales tax ICMS, Brazil’s main consumption tax, is not yet over. The average tax rate, which was 17.61% in 2022, is set to rise to 19.24% by 2025. This calculation includes all 26 […]

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3 de February de 2025/by Gelcy Bueno
Murray News

EDP puts two solar plants in São Paulo up for sale

Negotiations are in early stages, with assets valued at R$1.6bn to R$1.8bn 02/03/2025 Portuguese energy group EDP has put two major solar farms in São Paulo State up for sale, according to sources consulted by Valor. Negotiations are still in the early stages, and the assets are valued by the market at between R$1.6 billion […]

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3 de February de 2025/by Gelcy Bueno
Murray News

Big banks profits to improve in Q4; outlook for 2025 concerns

Macroeconomic outlook for 2025 signals slowdown in loans and rising default rates 02/03/2025 The earnings season for Brazil’s major banks in the fourth quarter of 2024 is expected to reflect what analysts are calling “the last rays of sunset.” In other words, the numbers from October to December are likely to be positive, with rising […]

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3 de February de 2025/by Gelcy Bueno
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