Brazil to suspend diesel tax; sources say bank tax to be hiked [Reuters]
Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (ITUB)
Last itau unibanco banco holding sa american depositary shares (each repstg 500 preferred shares) earnings: 2/11 04:01 pm
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Source: Reuters
Brazil to hike bank taxes to make up for diesel revenue, sources say By Rodrigo Viga Gaier , Ricardo Brito 2 Min Read RIO DE JANEIRO (Reuters) - Brazil’s government plans to raise taxes on banks in order to compensate for lost revenue from cutting diesel and other fuel taxes, two people with knowledge of the matter told Reuters, prompting banking shares to fall on Monday. The government aims to raise one of the taxes paid by banks, a contribution calculated on net income, to about 23% from 20%, the sources said. Shares in Brazilian banks fell on Monday afternoon after the newspaper O Globo first reported the shift in tax policy. The government is also planning to end some tax exemptions for vehicles and petrochemical products, the newspaper said. Bolsonaro has promised truck drivers a reduction in diesel prices by cutting federal taxes on the fuel. That would cost 3.6 billion reais ($640 million) this year and require the government to find revenue elsewhere. The president has also p
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News
- ITAÚ UNIBANCO - Itaú Day 2024PR Newswire
- Itaú Unibanco Holding S.A. Results for the 1st quarter of 2024PR Newswire
- ITAÚ UNIBANCO - Interactive Meeting 1Q24PR Newswire
- Itaú Unibanco Holding's 2023 Annual Report on Form 20-F filed with the SEC and the CVMPR Newswire
- ITAÚ UNIBANCO - Interactive Meeting 1Q24PR Newswire
ITUB
Earnings
- 5/7/24 - Beat
ITUB
Sec Filings
- 5/9/24 - Form 6-K/A
- 5/8/24 - Form 6-K
- 5/8/24 - Form 6-K
- ITUB's page on the SEC website