Saturday , August 8, 2026 |   05:34:21 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
DTAA - A transaction is taxable in India where no income arising from such transaction is taxed in India, no profits is attributed to PE in India & where transaction is also accepted at arm's length in case of Indian AEs: ITAT (See Breaking News) I-T -ESOP expenses quantified under fair value method are allowable deductions u/s 37: ITAT (See Breaking News) I-T - Capital gains from sale of shares in real estate company are taxable only in state of residence if investment is minority holding: ITAT (See Breaking News) Real household income growth slows in OECD in Q1 (See Brief) I-T - Additional claim for treaty relief u/s 90 cannot be admitted for first time before Tribunal if its determination depends on mandatory factual verification: ITAT (See Breaking News) TP - Comparables must satisfy filters adopted for benchmarking, including RPT threshold, functional comparability, availability of segmental data, and trading sales filter: ITAT (See Breaking News) I-T - Round-trip voyage constitutes carriage of passengers within meaning of Sec 44B: SC (See Breaking News) TP - Omission of clause (i) of Sec 92BA by Finance Act, 2017, without any saving clause, renders it retrospectively inoperative from date of its original introduction: ITAT (See Breaking News) I-T - Reassessment notice is invalid if recorded reasons are founded on incorrect facts, especially when AO states that information was received under DTAA for years in respect of which such exchange of information was not legally available: ITAT (See Breaking News) INTL - Mere signing or generation of an order does not amount to its issuance & that dispatch is a sine qua non for a valid order: ITAT (See Breaking News) TP - Turnover filter adopted by TPO cannot be applied mechanically to exclude otherwise functionally comparable company if deviation from threshold is only marginal: ITAT (See Breaking News) TP - Date of uploading DRP directions on ITBA portal & its electronic communication via email, constitutes date of receipt by AO for computing limitation u/s 144C(13): ITAT (See Breaking News) TP - Entities engaged in retail trade and aftermarket service possess fundamentally different functional and market profiles compared to a wholesale trader supplying to OEMs in which case they cannot be adopted as comparables : ITAT (See Breaking News) I-T - Assessment order passed in name of non-existent entity, despite Revenue having been informed of its dissolution through amalgamation, is void ab initio: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >> News Brief
 

US to support IP waiver at WTO for COVID-19 vaccines
By TII News Service
May 06, 2021 , Washington

    

THE United States has announced its support to waive Intellectual Property (IP) protections for COVID-19 vaccines, joining the efforts of India and South Africa at the World Trade Organisation (WTO) to get equitable access and increase global supply to the life-saving shots.

US Trade Representative Ms Katherine Tai said on Wednesday that the country has decided to support better access to the vaccines, more manufacturing capability and wider coverage of the immunisation programmes.

"This is a global health crisis and the extraordinary circumstances of the COVID-19 pandemic call for extraordinary measures. The [US] administration believes strongly in intellectual property protections, but in service of ending this pandemic, supports the waiver of those protections for COVID-19 vaccines," Ms Tai said.

The American government’s support means they will actively take part in the negotiations for the text of the waiver at the WTO and encourage other countries to back it. The European Union remains the only major trade bloc that continues to oppose the waiver, along with the UK, Japan, Switzerland, Brazil and Norway.

"Those negotiations will take time given the consensus-based nature of the institution and the complexity of the issues involved," she said. "The administration aims to get as many safe and effective vaccines to as many people as fast as possible."

The US support for the Trade-Related Aspects of Intellectual Property Rights (TRIPS) waiver is limited to COVID-19 vaccines, while India and South Africa are calling for a waiver on all COVID-19 interventions, including therapeutics and diagnostics.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2025 | Privacy Policy | Taxindiainternational.com Pvt. Ltd. OPC All rights reserved.