Archive for the ‘waldemarjezler’ Category

Low reservoir levels to pose electricity challenge for next president

October 4, 2018

Brazil’s next president is likely to confront a power crisis already in the beginning of the term, in January 2019. Initially, there are no significant signs of risk of power shortage next year, but electricity rates are likely to continue high because of the need of dispatching costlier thermal stations to spare water from hydroelectric reservoirs. (more…)


Brazilian mango exports reach record volume in first half

September 24, 2018

Driven by rising supply and strong European demand, Brazil’s mango exports have reached a record volume from January to June and are expected to continue rising in the coming months. Mango sales abroad totaled 57,300 tonnes in the first six months of 2018, up 8.7% from the same period of 2017, and consolidated its position as Brazil’s leading fruit export. Revenues remained stable at around $64 million, according to data from Secretariat of Foreign Trade (Secex/Mdic). The price decrease signaled by stable sales value has been offset by the weaker real against the dollar.

Remittances from Brazilians overseas reach highest level in 10 years

September 14, 2018

Remittances sent by Brazilians living abroad totaled $1.2 billion in the first half, the highest level in the last ten years. (more…)

Business interests still making politics despite donation ban

September 13, 2018

Business owners and trade groups are still mobilizing to elect their chosen politicians despite the ban on private-sector donations, according to lawmakers, lobbyists and campaign workers. (more…)

Trump, national security and steel making

April 25, 2017

The Constitution of 1988 proposes the construction of a civilized society. Its supreme values are: 1) the broadest individual freedom; 2) the systematic pursuit of equality of opportunities; and 3) constructing an efficient coordination of the economic activity of citizens compatible with them. The three conditions are not easily accommodated. The long history of mankind suggests that so far the only available form of coordination capable of hosting freedom and equality is through “markets.” For its good operation they demand the private property, which reduces the equality and puts at risk the democratic legitimacy. (more…)

Government prepares National Plan for Internet of Things

February 23, 2017

Gilberto Kassab, minister of Science, Technology, Innovation and Communications, says the so-called “internet of things” could generate R$200 billion for the Brazilian economy by 2025 and revealed the government is working on a plan to encourage the industry. On Thursday, while heading the Brazilian delegation to Barcelona’s Mobile World Congress, the minister said the plan might include adjustments in industrial policy, telecom regulation, project and innovation financing, and labor training. Officials even study directing tax breaks to suppliers and manufacturers who join the production chain, but any changes would require reforming the Law of Informatics.

A GOP Regulatory Game Changer

January 27, 2017

Legal experts say that Congress can overrule Obama regulations going back to 2009.

bn-rv070_pw0127_jv_20170126181434Todd Gaziano on Wednesday stepped into a meeting of free-market attorneys, think tankers and Republican congressional staff to unveil a big idea. By the time he stepped out, he had reset Washington’s regulatory battle lines. (more…)

Federal government may lose R$500bn in cases linked to tax issues

January 2, 2017

Nine tax issues discussed in lawsuits in both the Federal Supreme Court (STF) and the Superior Court of Justice could together amount to R$500 billion in losses for the federal government if it is defeated in all of them. The case with the greatest impact on public coffers — estimated at R$250 billion — will define if sales tax ICMS is included in the calculation basis of social contributions PIS and Cofins. The case has not yet begun to be tried in the STF. Other pending issues are the definition of an input to obtain PIS and Cofins credits, valued at R$50 billion, and the possibility of collecting PIS and Cofins on revenues from financial institutions, which may reach almost R$136 billion. There is also expectation that the courts will review the right of a credit related to the Tax on Industrialized Products (IPI) in the acquisition of exempt inputs from the Manaus Free Trade Zone.

Brasília hardens stance with states over repatriation funds

November 28, 2016

The government rejects sharing the money obtained from fines on undeclared assets abroad with the states unless the states commit to a fiscal adjustment effort, a high-ranking source told Valor. Brasília had agreed to channel R$5 billion from the R$45 billion collected to the states in exchange for a national pact to improve the health of public accounts. Officials argue that current legislation doesn’t force the federal government to share the fines with states and without concessions from them it is even willing to let the Federal Supreme Court resolve the issue.

Federal Revenue to publish rules on repatriation of funds this month

March 7, 2016

The normative instruction draft of the Secretariat of Federal Revenue that will regulate Law No. 13,254, establishing the conditions for the legalization of funds sent illegally abroad, has received 284 suggestions for changes or requests for information during the public consultation period ended on Thursday. The suggestions can be divided into three groups: instruments considered illegal for violating the Law 13,254; rules that would be inapplicable due to operational incompatibility; and articles that can lead taxpayers to differing interpretations, causing legal uncertainty. The suggestions include one from teacher Eduardo Salusse, of FGV\’s Law School, in São Paulo. He advocated that the payment of tax and penalty could be done with funds from abroad. Today, when capital enters the country, first the taxpayer must pay the tax and the fine, and then report it to the Federal Revenue and the Central Bank and, finally, to the financial institution in order to convert the currency and release the money in Brazil. According to the Federal Revenue, the normative instruction will be published this month.