Brazil's Redata boosts data center prospects but tax hurdles remain, Scala CEO says

Brazil's approval of Redata, a tax incentive for data centers, positions the country as a contender for major investments, but Scala CEO Marcos Peigo says it is insufficient to unlock projects. Key obstacles include state-level ICMS tax on equipment imports and the need to revise Gecex ordinance items. The development signals policy progress but leaves investment decisions pending.