Saturday , June 23, 2018 |   17:36:01 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Instant Updates Newsletters
 
NEWS FLASH
 
DTAA - Capital gains derived by Singapore company from trading in Indian securities, is exempted from tax by virtue of Article 13 of Indo-Singapore DTAA, in absence of PE in India: ITAT (See 'Breaking News') I-T - Interest paid to overseas branches need not be charged to tax in India, being payments made to self, and hence attracts no withholding tax liability: ITAT (See 'Breaking News') TP - Marketing support service provider is no valid comparable on entity level, against companies involved in diversified services without any segmental break up: ITAT (See 'Breaking News') TP - Differences on account of functional dissimilarity & ownership of significant intangibles, merits rejection as comparable: ITAT (See 'Breaking News') DTAA - Incidential research activity carried out while procuring export orders abroad, will not render 'commission' paid to overseas agents as 'FTS' & so taxable in India: HC (See 'Breaking News') TP - Commercial arrangement for remitting royalty on brand usage of overseas AE, need not be questioned while computing ALP, if arrangement itself is approved by RBI: ITAT (See 'Breaking News') TP - LIBOR should be adopted as bench-mark for charging interest on loans & advances made to overseas AEs: ITAT (See 'Breaking News') DTAA - Royalty or FTS paid towards sale of shrink-wrapped software is taxable at rate prescribed under treaty provisions, being more beneficial to taxpayer: ITAT (See 'Breaking News') Drive Against Shell Companies - A cul-de-sac! (See 'THE COB(WEB)' TIOL) TP - Claims for adopting foreign AE as tested party and selection of MAM, made during course of TP proceedings, should not be rejected by merely construing it as 'additional evidences': ITAT (See 'Breaking News')
 
TII SEARCH
 
 
   
Home >> News Brief
 

Economic Growth - Brazil is back in global reckoning
By TII News Service
Mar 01, 2018 , Paris

    

 

BRAZIL is emerging from its long recession and is headed for solid growth in 2018 and 2019 as recent structural reforms start to bear fruit. Sustaining this recovery, unleashing Brazil’s full economic potential and spreading the benefits fairly will require additional efforts to rein in public spending, increase trade and investment, and further focus social spending on those most in need, according to a new OECD report.

The latest OECD Economic Survey of Brazil says that deepening reforms to strengthen institutions, improve business regulation and reap the benefits of tighter integration into the global economy could lift GDP by at least 20% over 15 years, which would boost household incomes and help compensate for the economic drag of a rapidly ageing population. Better targeting of welfare spending on the poorest households would be crucial for fostering inclusive growth.

The Survey says Brazil is foregoing the benefits of integration into the world economy due to a trade policy that has prioritised safeguarding domestic markets over facilitating access to foreign markets. Brazil has especially high tariffs on intermediate and capital goods, and non-tariff trade barriers such as local content rules and anti-dumping measures are widespread.

Lowering trade barriers would make Brazilian firms more competitive by allowing them to source inputs at lower prices. This would boost trade volumes and raise productivity and wages. It would also reduce prices for consumers, in particular low-income households.

Investment, already low compared to other Latin American and emerging economies, has declined in both real terms and as a share of GDP in recent years, weighing on the overall economy and adding to existing infrastructure bottlenecks. Reversing this trend will require concrete actions to improve infrastructure planning, open up new sources of finance, reduce administrative burdens, simplify taxes, and streamline licencing. Continuing to fight corruption with reforms to increase accountability would also help to draw investment and restore citizens’ trust in institutions.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAAs
  • TIEAs
  • Circulars (I-T Act, 1922)
  • Circulars
  • Instructions
  • DRP Panel
  • Administrative Orders
  • Notifications
  • I-T Act, 1961
  • Relevant Portion of I-T Rules,1962
  • Relevant Portion of I-T Act,1922
  • GAAR
  • Equalisation Levy
  • Draft Guidelines
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • DTC Bill
  • UN Model
  • Miscellaneous
  • Guidance Notes - AEOI
  • OECD Conventions
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • Draft Notifications
  • Circulars
  • Instructions
  • Notifications
  • Relevant Sections of Act
  • Forms
  • TP Rules
  • Miscellaneous
  • APA Annual Report
  • APA Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • RBI Circulars
  • FDI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • Black Money Act
  • PMLA Notification
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • SEBI
  • Multimodal Transportation
  • Vienna Convention
  • NBFC Reports
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • Intellectual Property
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • CBR Act, 1963
  • MCA Circular
  • Book Review
  • Limitation Act
  • SSAs
  • EPFO
  • FAQs
  • Acts
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifcations
  • Types of Visa
  • Agreements
  • Arbitration
  • Model Text
  • Relevant Portion of I-T Act
  • Circulars
  • I-T Rules, 1962
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2018 Taxindiainternational.com Pvt.Ltd. All rights reserved.