Schlagzeilen der internationalen Ausgabe von VALOR ECONÔMICO vom 16.8.2016

ECONOMYGDP revision avoids tax increase in 2017 Government raised growth forecast to 1.6% from 1.2%, improvement that should produce higher tax receipts

BUSINESS Officials study plan B for Celg D privatization Eletrobras and Goiás government study reviewing asking price or even capitalizing the power distributor if auction fails COMMENTARY Antonio Delfim NettoIs state corporatism invincible? It is time to expose the “winners” of those who benefit from the state to the majority of “losers” in society BUSINESSAzul resumes expansion plans and forecasts profit in 2017 BUSINESSPanasonic manages to grow amid Brazilian crisis POLITICSUnder new rules, electoral campaign kicks off in Brazil AGRIBUSINESSHydrous-ethanol market shrinks on weaker supply and demand BUSINESSParty atmosphere sets the tone for Rio 2016

BRIEFS Central Bank and Federal Revenue ease capital repatriation terms Despite resisting changes to the capital repatriation law, the government has adopted regulatory interpretations that set clearer rules for those considering joining the program. One of them is to consider the present moment as the statute of limitations in which the Secretariat of the Federal Revenue can collect an unpaid tax, instead of December 31 of 2014. In practice, the clarification allows taxpayers a year and a half to evaluate whether to join the program from the tax-evasion crime standpoint, since the Federal Revenue cannot collect such debts before the statute of limitations period. Another favorable interpretation is that only donors have to pay taxes if donated money was remitted abroad illegally. Pension funds concerned about potential lawsuits from Sete creditors With green light from Estácio shareholders, Kroton gets ready for Cade Abengoa concessions may be re-auctioned by December Private-equity funds get 160% return with stock offerings in 30 years Court blocks Credit Suisse from managing Banco Santos assets Brazilian soft-drink market poised to shrink 13.5% in next decade BNDES studies options to attract infrastructure investors