Industries and markets

Ford assets in Brazil to be acquired by Chinese businesspeople

The founder of Brazilian automaker CAOA said on Monday he is negotiating with Chinese business executives to make a joint acquisition of a Ford Motor Co plant near Sao Paulo. “Ford and CAOA have been

Brazil plans to reduce import tariffs by ten percentage points in four years

“Guedes announced the average tariff reduction at an event in Rio de Janeiro, saying there will be a cut of 1 percentage point in the first year, 2 in the second, 3 in the third

Brazil’s Real slides past 4.00 to the US dollar as China/US trade dispute escalates

“The Real currency traded as low as 4.0043 per dollar, its lowest since April 25 and about 1% weaker than Friday’s close. The Real suffered with other emerging market currencies as Beijing retaliated on Monday

Brazil: Income Tax adjusted for Inflation

President Jair Bolsonaro said that the government will make a correction in the table of income tax for the coming year. In an interview with Radio Bandeirantes, Bolsonaro said he told Economy Minister Paulo Guedes

Corruption investigation: Court allows investigation of Bolsonaro son’s banking records

“The office of Senator Flavio Bolsonaro confirmed that a court in a sealed ruling would allow police to examine the banking records of the lawmaker, along with those of his wife.”

Mexico’s Pemex gets refinancing worth $8 billion

“Petroleos Mexicanos needed the refinancing to handle a debt that currently totals over $100 billion.”

Ex Lima mayor jailed after admitting benefiting from the Odebrecht corruption network in Peru

“Villaran, Lima’s mayor from 2014-2018, is accused of taking millions of dollars from Odebrecht to finance a recall referendum in 2013 – which she won – and from OAS for a failed re-election bid in

Brazil withdraws from hosting a Latin America climate conference next August

“Brazil has withdrawn its offer to host Latin America and Caribbean climate week, a key milestone leading up to the annual UN negotiations. Initially set to take place from 19 to 23 August in Salvador,

Brazil: Senate approves Debureaucratization Plan in first round

Brazil is one of the world’s leading countries in terms of bureaucracy for tax calculation. This mainly affects companies that lack the appropriate financial resources to deal with bureaucracy, which in turn inhibits economic growth.

Brazil: 2019 Inspection Plan of Tax Authority

Results of the RFB Inspection 2018 On May 6, 2019, the Brazilian Tax Ministry Receita Federal do Brasil (RFB) published the results of its annual inspection in 2018 and the main sectors to be reviewed