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Stories that are tagged 'Brazil'

Brazil Provides New Fiscal Stimulus
5/24/2012
The Brazilian government has announced a package of tax measures worth around USD1bn to stimulate growth in key economic sectors, to ensure the nation meets this year's growth target of 4.5%.
Cayman Islands Target Brazilian Investors
5/16/2012
The Cayman Islands government has sought to bolster business relations with Brazilian investors by taking part in the recent Brazil Investment Summit.
Vale Suffers Setback In Brazilian Tax Fight
5/9/2012
The world's second largest mining company Vale SA, has announced that Brazil's highest judicial authority, the Superior Court of Justice, has stripped the company of an injunction it previously received which 'suspended the effects of the unfavourable rulings related to the taxation of its foreign subsidiaries' earnings'.
US Issues Annual IPR Country Report
5/3/2012
The Office of the United States Trade Representative has released its annual ‘Special 301 Report’ on the perceived adequacy and effectiveness of US trading partners’ protection and enforcement of intellectual property rights (IPR).
St Kitts, Brazil To Sign Free Trade Pact
4/25/2012
The government of Saint Kitts and Nevis has received notification from Brazil that it is ready to sign the Partial Scope Agreement on trade that the two territories have been negotiating for a year.
Business Calls For US-Brazil Trade Treaty
4/10/2012
On the occasion of Brazilian President Dilma Rousseff's visit to the United States on April 9, the US Chamber of Commerce President and CEO Thomas Donohue called on the two countries to begin discussions on a comprehensive Economic Partnership Agreement.
Results Of Annual US Review Of Telecommunications Trade Agreements
4/10/2012
United States Trade Representative Ron Kirk has announced the results of the 2012 annual review of the operation and effectiveness of telecommunications trade agreements under Section 1377 of the Omnibus Trade and Competitiveness Act of 1988.
Aviation Sees Demand Spurt
4/6/2012
The International Air Transport Association has released global traffic results for February 2012 showing an 8.6% improvement in passenger demand and a 5.2% rise in cargo demand compared with the same month in the previous year.
Brazil Prepares Payroll Tax Cuts To Prop Up Economy
4/6/2012
Brazilian President Dilma Rousseff has announced a number of measures aimed at boosting economic growth in ailing sectors of the economy, including through payroll tax concessions.
OECD Issues New Peer Reviews
4/5/2012
The Organization for Economic Cooperation and Development, publishing eleven new peer reviews, has said that the vast majority of territories which have been subject to critical assessments have implemented satisfactory legislative regimes that can facilitate the exchange of information on request.
Netherlands To Extend Tax Treaty Network In South America
3/28/2012
Dutch State Secretary for Finance Frans Weekers is currently conducting a working visit to South America, with the intention of extending the country’s tax treaty network.
Mining Firms To Face Higher Brazilian Taxes
3/28/2012
Three Brazilian provincial governments have confirmed that they will introduce new taxes on mineral products, including iron ore and bauxite, from April 1, 2012.
Canada Pushes For FTA Negotiations With Mercosur
3/22/2012
Ed Fast, Canada's Minister of International Trade, has concluded a two-day trade visit to Argentina, to promote the conclusion of exploratory talks towards a possible Free Trade Agreement between the nation and the Mercosur trade bloc of Latin American nations.
Brazil, Mexico Clash Over Auto Agreement
3/19/2012
The Mexican government has resisted the Brazilian government's request to significantly limit car imports for the next three years in talks initiated after Brazil threatened to walk away from a long-standing agreement that provides preferential tax treatment for bilateral automobile trade.
Brazil Hikes Financial Tax Again
3/15/2012
The Brazilian government has stepped up its campaign to weaken the nation's currency, the Real, with the extension of the 6% financial operations tax, known as IOF, to foreign loans and bonds maturing within five years.
Vale Posts Brazilian Back Tax Case Collateral
3/12/2012
Vale, the world's second largest mining company, has clarified that despite being required to pay USD915m in judicial deposits, it remains confident of a favourable ruling in the tax case with Brazilian authorities over back taxes, worth BRL25bn (USD13.9bn) as it continues to pursue all legal avenues.
International Patent Filings Set New Record In 2011
3/7/2012
Despite difficult global economic conditions, international patent filings under the World Intellectual Property Organization-administered Patent Cooperation Treaty set a new record in 2011 with 181,900 applications – up 10.7% on 2010 and the fastest growth since 2005.
Brazil Introduces New IOF Tax Changes
3/6/2012
Brazil announced its decision on March 1, to expand the scope of its financial transactions tax, IOF, on short-term loans and bonds.
Vale Confident Of Brazilian Tax Case Victory
2/21/2012
Vale SA, the world's second largest mining company, has said the company is confident of victory in the ongoing back taxes case with the Brazilian tax authority.
Brazil Rethinks Vehicle Import Tax Hike
2/20/2012
The Brazilian government has confirmed its intention to soften its controversial protectionist tax hike on vehicles comprised mainly of foreign components, in place since November 15, 2011.
Brazil Announces Fiscal Agenda To Support Growth
2/20/2012
The Brazilian government will focus fiscal policy for the coming year on cutting government expenditure and promoting economic growth by reducing taxes, according to the latest budget and a statement from the nation's finance minister.
The Netherlands Ups Tax Treaty Negotiations In 2012
2/21/2012
Underlining the government’s commitment to negotiating new tax treaties with other countries, the Dutch finance ministry has recently outlined details of its specific plans for 2012.
Brazilian Poultry Exporters Challenge South African Anti-Dumping
2/17/2012
The Brazilian Union of Agriculture has begun lobbying for action to be taken at World Trade Organisation level against anti-dumping measures in place in South Africa to restrict Brazilian chicken exports.
BASIC Countries Slam EU Carbon Tax On Airlines
2/17/2012
The 10th BASIC Ministerial Meeting on Climate Change, held recently in New Delhi, has heavily criticized the inclusion of international aviation in the European Union Emissions Trading Scheme.
US Ethanol Producers Rail Against Brazilian Taxes
2/10/2012
The United States Renewable Fuels Association has written to US Trade Representative Ron Kirk requesting government action following a decision by the Brazilian state of Sao Paulo to introduce an ethanol import tax.
Brazil May Pull Out Of Auto Trade Deal With Mexico
2/8/2012
The Mexican government is to meet for negotiations with Brazil after the latter nation threatened to call an end to a trade agreement which allows Mexican car exporters tariff-free access to the Brazilian auto market.
Vale Scores Victory In Brazilian Tax Appeal
2/1/2012
Vale, the world's second largest mining company has won an injunction in a long-running court battle against the Brazilian tax authority relating to claims for billions of dollars in back taxes said to be due on its foreign-sourced income.
Argentina Hikes Import Taxes On Luxury Vehicles
1/11/2012
The Argentine government has announced a change to the country's customs duty regime to introduce higher taxes on imported vehicles and motorbikes, imitating Brazil's earlier decision to introduce protectionist tax measures to support its domestic car manufacturing industry.
Canada, Brazil Strengthen Trade Ties
1/9/2012
The Canadian government has appointed six business leaders to take part in the new Canada-Brazil CEO Forum, which is designed to foster bilateral trade and investment.
Outlook Worsens For Caribbean, Latin America
1/4/2012
New reports from the Inter-American Development Bank and the Economic Commission for Latin America and the Caribbean say the region has demonstrated marked economic gains during the past year, but risks remain significant looking ahead to 2012.
US Still Top Destination For Real Estate Investment
1/5/2012
According to the 2012 annual survey of the members of the Association of Foreign Investors in Real Estate, the United States remains the country offering the best option for real estate investments, but the repeal of the Foreign Investment in Real Property Tax Act would have a strongly positive impact on their investment decisions.
Mercosur Announces Protectionist Import Duty Hikes
1/4/2012
The South American trade bloc, Mercosur is to slap the maximum rate imposable, 35%, on the import of one hundred additional goods, likely on a temporary basis until December 2014, Brazil's Minister for Finance has announced.
Canada Notes Significant Progress On Free Trade In 2011
12/28/2011
The Canadian government has noted the conclusion of a productive third round of negotiations with India towards a free trade agreement, in talks in Delhi and at the Eighth Ministerial Conference of the World Trade Organisation, rounding off a hugely sucessful year for Canada in its quest to achieve freer trade links with its trading partners.
Mercosur States, Palestine Authority Sign FTA
12/26/2011
The Mercosur nations – Argentina, Brazil, Paraguay and Uruguay – have signed a Free Trade Agreement with the Palestine Authority, aimed at establishing commercial ties and boosting cooperation.
Brazilian Revenue Growth Slows
12/23/2011
The Brazilian tax authority has confirmed that taxes collected in November 2011 were up 6.4% on the figure recorded a year previously, but had fallen since a month earlier.
Brazil Announces Tax Cuts
12/7/2011
To achieve its ambitious growth target of 5% of gross domestic product in 2012, Brazilian Finance Minister Guido Mantega has announced a number of tax cuts, including to the nation's financial transactions tax, known as IOF.
Brazilian Court Dismisses Vale's Tax Appeal
12/5/2011
The world's second largest mining company, Vale has been unsuccessful in appealing back taxes said to be due on its foreign-sourced income.
Hong Kong Plugs Its Services For Emerging Economies
11/30/2011
Financial Secretary, John C Tsang, speaking at the recently-held 2nd Annual Emerging Markets Conference, said that Hong Kong, so as to achieve a more diversified business portfolio, will continue to strengthen trade and investment co-operation with emerging economies.
Brazil Urged To Reform Taxes
11/28/2011
Credit rating agency Standard and Poor's has attributed its upgrade of Brazil's sovereign credit rating to the government's handling of the economic crisis, in maintaining robust growth and moderating double-digit inflation. However, the agency has suggested that enhancements to the nation's fiscal regime are critical to future upgrades of Brazil's newly-awarded triple-B rating.
Corporate Responsibility Reporting Hits Record High
11/25/2011
The UK now tops the global rankings for corporate responsibility reporting, with Japan coming a close second, according to a new report from KPMG.
Canada, Costa Rica Look At Improving FTA
11/9/2011
Negotiations have begun between Canada and Costa Rica on the proposed modernization of their existing free trade agreement, it has been announced.
Brazil Cuts Fuel Tax
11/1/2011
The Brazilian government has cut the CIDE tax imposed on the sale of fuel to offset price increases for consumers at the pump.
G-20 Nations Failing To Honour Protectionism Pledges
10/27/2011
Disappointingly weak growth in some G-20 members is testing the political resolve of many governments to resist trade protectionism, says a new report from the World Trade Organization, the United Nations and the Organisation for Economic Cooperation and Development, which examines trade and investment measures implemented in the third quarter of 2011.
Brazil Court Suspends Auto Tax
10/24/2011
The tax hike proposed by the Brazilian government on the manufacture of foreign cars has been suspended. The Brazilian Supreme Court has ruled the planned tax increase unconstitutional due to its rapid implementation, with the President of the Supreme Court, Cezar Peluso calling it unlawful.
Brazilian Car Import Tax Hike Concerns WTO Members
10/19/2011
Japan is said to be leading a chorus of protest at the World Trade Organization against a protectionist measure announced by Brazilian authorities in September to shield the nation's car manufacturing and car assembly industry from cheap foreign imports.
Brazilian Tax Not Detering Auto Investment
10/12/2011
China-based car manufacturer Anhui Jianghuai Automobile is to go ahead with a substantial investment in a new plant in Brazil despite the government's recent decision to hike the industrial production tax on cars with a high percentage of foreign components.
Brazilian Economic Potential Stifled By Tax Regime
10/12/2011
Brazil's potential to attract significant Foreign Direct Investment is being stifled by the complexity of the country's tax regimes and the high tax rates in place, according to the European business association BusinessEurope.
Thailand Ranked Top Expat Destination
10/7/2011
Despite ongoing economic turmoil and political unrest in many parts of the world, a preview of HSBC's 2011 Expat Explorer survey shows that expats remain generally happy in their new countries, with Thailand topping the list of the most popular expat destinations.
Brazil May Relax Car Component Tax Hike
10/5/2011
The Brazilian government may review its decision in September to hike the industrial products tax on carmakers by up to 30%, which is aimed at shielding Brazil's vehicle and vehicle component manufacturing industries from international competition.
Brazil Cuts Fuel Tax
10/4/2011
The Brazilian government is to slash the tax imposed on the import and sale of fuel sold by the state-run fuel company Petrobras.
Brazilian Tax Burden On The Increase
10/3/2011
Brazil's tax authority reported this month that tax revenues increased some 8.1% year-on-year in August 2011, fuelled by strong economic growth, and the expansion in scope of the nation's financial transaction tax.
Huge Variations Seen In Global Corporate Tax Rates
10/3/2011
The tax burden faced by businesses varies greatly from country to country, with a wide tax gap between ‘low tax’ emerging economies and the majority of ‘high tax’ developed nations, according to new research.
OECD Notes Fall In Patent Quality
9/28/2011
The quality of patent filings has fallen dramatically over the past two decades as patent offices are overburdened with companies' efforts to protect even minor improvements in products and services, according to the findings of a new report from the Organization for Economic and Cooperation Development, which also describes which countries are best at facilitating innovative enterprise.
Brazil Announces Protectionist Car Import Tax Hike
9/22/2011
To shield Brazil's vehicle and vehicle component manufacturing industries, the government has announced that it will hike the industrial products tax on carmakers by up to 30%, applicable to vehicles that are assembled mainly from foreign-manufactured components.
Caribbean Territories Sign Up To Anti-Corruption Drive
9/15/2011
A number of offshore Caribbean territories have notified their consent to receive on-site visits to evaluate their compliance with the Inter-American Convention against Corruption.
Switzerland Tops WEF Competitiveness Index
9/9/2011
Switzerland tops the overall rankings in the Global Competitiveness Report for 2011-2012, released on September 7 by the World Economic Forum.
Brazilian Tax Breaks Target Telecoms Investment
9/7/2011
The Brazilian government is to forgo BRL4bn (USD2.4bn) in taxes in order to gain private sector investment to establish high quality broadband Internet connections nationwide.
Brazil Hits Telecom Italia With EUR550m Tax Claim
8/26/2011
Within Telecom Italia’s Interim Report, in the section on pending disputes in which it is involved, it is disclosed that, in March this year, its Brazilian mobile services subsidiary, Tim Celular, received a notification of tax assessment issued by the Brazilian tax authorities, totalling almost EUR550m.
Canada-Brazil Forging Ahead With Economic Cooperation
8/15/2011
Economic relations between Canada and Brazil continue to improve, with Canadian Prime Minister Stephen Harper declaring Brazil a "tremendously important part" of his government's plans for trade development in the Latin American region.
Brazil Mulls Mining Royalties Hike
8/11/2011
Brazil is considering plans to increase the rate of royalties paid by mining companies as part of wider reform of legislation governing the sector.
Brazil And Canada Ink Key Deals
8/9/2011
Brazilian and Canadian politicians have discussed the strengthening of trade and investment between the two countries, signing a series of important agreements.
Brazil Fights Competitors With Tax Breaks
8/5/2011
Facing a 'predatory competitive world stage' and high currency appreciation, the Brazilian government has introduced a series of tax breaks and incentives for its domestic industry.
Brazil Introduces Tax On Currency Futures
8/1/2011
As its battle against currency appreciation continues, the Brazilian government has introduced a new tax designed to curb the profitability of currency speculation.
Brazilian Bank Utilizes Caymans Merger Law
6/28/2011
Ogier Cayman has acted as advisor to BTG Pactual in what is believed to be the first merger of a licensed financial institution using the revised merger provisions in the recently-enacted Companies (Amendment) Law 2011 in the Cayman Islands.
EFTA Unveils Progress On FTAs
6/23/2011
Following a recent gathering of European Free Trade Association ministers in Schaan, the Liechtenstein administration announced details of the signing of a free trade agreement with Hong Kong.
Portugal Begins New DTA Negotiations
6/21/2011
The Portuguese government is seeking to expand its tax treaty network, beginning negotiations with three new countries over the last month: Peru, Gabon and Senegal.
US Senate Votes Against Ethanol Tax Breaks
6/21/2011
The Brazilian sugarcane industry has lauded the decision of the United States Senate to vote in favor of the abolition of subsidies for ethanol-based fuel producers and to cease imposing tariffs on alcohol fuel, introduced to protect the US industry from foreign suppliers.
Portugal, Mozambique Ink Tax Agreement
6/1/2011
Portugal and Mozambique have recently signed a bilateral tax agreement, designed to strengthen cooperation between the respective tax administrations.
Brazil Makes Further Changes To IOF
5/31/2011
Brazil has introduced three new changes to its financial transactions tax, restoring the levy on certain private debt securities, amending collection procedures for small firms, and cutting the time the tax can be charged on bank debts.
Trade Policy Crucial To LatAm, EU Partnership
5/26/2011
A successful trade policy is one of the key tools with which a continuing bi-regional partnership is to be achieved, the Euro-Latin Parliamentary Assembly has argued, setting out what it sees as the prospects for trade relations between the European Union and Latin America.
Trade Restrictions On The Rise
5/26/2011
Global trade and investment appear to be facing opposing forces both pushing and pulling against the prospects for economic recovery, as governments attempt to attract foreign investment on the one hand while shielding their economies from foreign competition by raising trade barriers on the other, according to a new report.
US Returns To Top Of World Competitiveness Rankings
5/20/2011
The Swiss business school, IMD, has announced the rankings from its 2011 World Competitiveness Yearbook, which places the United States and Hong Kong as the most competitive countries.
Brazilian FDI Falls In Wake Of Tax Hikes
5/18/2011
Having struggled to contain rapid currency appreciation, Brazil saw a fall in net foreign direct investment in April, as stringent tax measures designed to deter a continuation of previously high levels of investment began to take hold.
LatAm & Caribbean Sees Influx Of Foreign Direct Investment
5/9/2011
Latin America and the Caribbean saw a 40% increase in Foreign Direct Investment during 2010, with a further upsurge of 15% - 20% expected in 2011, according to a new report by the Economic Commission for Latin America and the Caribbean.
Trinidad And Tobago Seeks Brazilian Patnership
5/5/2011
Speaking after what has been described as a 'fruitful' trip to Brazil, Trinidad and Tobago's Prime Minister said the opportunity to forge ahead with a partnership between the two countries must be seized.
Latin America's 'Decade Of Opportunity' Discussed
5/4/2011
Latin America's emergence as an important area of interest for trade and investment has been highlighted over the course of two recently held events. Delegates at an influential forum have argued that the region has a "decade of opportunity" ahead of it, while a round table discussion on relations with the European Union stressed that a unique chance exists for the strengthening of such ties.
Toronto Potential Brazilian Investment Hotspot
5/2/2011
With Brazil's share of Canadian foreign direct investment growing rapidly, a new report has shown that the Greater Toronto Area could act as a potential hotspot for Brazilian investment, especially in the information technology sector.
Antigua & Barbuda Reschedules Debt With France
4/29/2011
Antigua and Barbuda has reached a new debt agreement with France, re-setting interest rates and the payment period.
Brazil To Scrap Plans For Sugar Tax
4/28/2011
Brazil's government has reportedly decided against the imposition of a controversial sugar export tax, according to reports in the Brazilian media.
US To Investigate Effects Of Brazilian FTAs
4/29/2011
The Democrat Chairman of the United States Senate Finance Committee, Max Baucus, and its Republican Ranking Member, Orrin Hatch, have written a joint letter to the International Trade Commission, requesting it to examine international competitive factors affecting US and Brazilian agricultural sales.
Anti-Corruption Activities Falling Short, Says OECD
4/27/2011
The Organisation for Economic Cooperation and Development has released figures showing that, while there are 38 signatories to its Anti-Bribery Convention, only a remarkably small minority are actively engaging in the sanctioning of individuals and companies.
China, Brazil To Boost Bilateral Trade
4/19/2011
Brazil and its most important trading partner, China, have agreed to key new bilateral trade deals, expected to generate USD1.5bn in business and lower barriers to entry to the Chinese market for higher added-value products from Brazil.
Ukraine Expanding Trade Treaty Network
4/18/2011
The Ukraine is making substantial additions to its free trade network, eyeing the conclusion of negotiations with the European Union, Canada, Israel and Singapore, and intensified cooperation with China, the Republic of Korea, and Brazil.
Brazil Government Brings In Another Tax Hike
4/12/2011
Brazil's government has introduced a further additional tax hike, aimed in this instance at consumer credit, and designed to curb an inflation figure sitting dangerously close to the central bank's ceiling rate.
Brazil and China To Discuss Trade
4/7/2011
A Brazilian delegation is set to visit China, with the aim to increase and diversify exports to the country, which is Brazil's most important trading partner.
Brazil Hikes IOF Tax
3/30/2011
As part of its ongoing battle against currency appreciation, Brazil has almost tripled one of its financial transaction taxes, hitting those making credit card purchases.
Caribbean, Latin America Seek Closer US Trade Ties
3/28/2011
The Economic Commission for Latin America and the Caribbean has taken the opportunity of the presence of US President, Barack Obama in Latin American nations to call for the commencement of trade negotiations between the two continents and the United States, noting that conditions are now right.
WIPO To Support South American Patent Collaboration
3/7/2011
The World Intellectual Property Organization has responded positively to a request by a group of nine South American countries – Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Suriname and Uruguay – to assist in their efforts to improve services to local and international users of their intellectual property system.
IMF Praises Brazilian Policies
3/4/2011
The IMF has concluded its visit to Brazil with a statement from its Managing Director praising the 'sound economic management' that has helped the country's recovery from the 2008-09 crisis and suggesting key areas for improvement, such as tax reform and less rigid budget rules.
Guernsey's Future Lies In Emerging Markets
2/23/2011
Debate at a recent forum on trusts in Guernsey has highlighted how the local trust sector is increasingly looking to explore opportunities in emerging markets, according to Peter Niven, the Chief Executive of Guernsey Finance – the promotional agency that represents the island's financial services industry.
BATS Global Markets Considering Brazil Move
2/21/2011
The global stock exchange operator BATS has announced its intention 'to explore opportunities in the Brazilian market,' signing a Memorandum of Understanding with the Sao Paulo-based independent asset manager Claritas to this effect.
WTO Reviews Transparency Mechanism For RTAs
2/15/2011
The World Trade Organization's Negotiating Group on Rules, on February 4, 2011, commenced its review of the WTO Transparency Mechanism for Regional Trade Agreements by considering two proposals: one from the United States for the consideration of all RTAs under a single WTO Committee; and one from Ecuador for procedural adjustments to the mechanism.
EU To Discuss Trade Deal WIth Mercosur
2/7/2011
European Union Trade Commissioner Karel De Gucht will visit Paraguay and Uruguay in the week commencing February 7 in an attempt to advance negotiations towards a 'balanced and ambitious' free trade agreement with the Mercosur states.
Lamy Urges On Doha Participants
2/7/2011
The World Trade Organization’s Director General, Pascal Lamy, as chairperson of the Trade Negotiations Committee, urged WTO ambassadors on February 2 to engage in bilateral and small group discussions on resolving key obstacles to a near-global multilateral free trade agreement, through the Doha Round.
St Kitts Welcomes Free Trade Prospects With Brazil
2/3/2011
Saint Kitts and Nevis has welcomed negotiations with Brazil towards a ‘Partial Scope Agreement’ which will provide preferential tariffs to the twin-island federation for businesses engaged in manufacturing, in what Prime Minister Denzil Douglas described as a ‘win-win’ situation for both states.
India Levies 60% Tax On Sugar
1/6/2011
A 60% tax on imports of sugar has been levied by India, the world’s second-biggest producer behind Brazil, as supply is forecast to exceed demand for the first time in three years.
Tax Boost For Investors In Brazil
1/4/2011
Brazil has confirmed that investors will no longer pay income tax on long-term infrastructure bonds as the government seeks fresh funds for improving national infrastructure ahead of staging two major global sporting events.
South Korea Seeks FTA With Mercosur
1/4/2011
Following a meeting in Brazil between the new Brazilian President, Dilma Rousseff, and South Korea’s Prime Minister, Kim Hwang-sik, it was disclosed that the latter had emphasized South Korea’s willingness to begin free trade agreement negotiations with Mercosur.
Brazil Mulls Further Tax Measures To Restrain Real
11/3/2010
More speculation has arisen on whether Brazil could take further short-term measures to stem the rise of its currency following Dilma Rousseff's election as President.
Brazil Discounts Further Forex Tax Measures
10/26/2010
Brazil's finance minister has ruled out ending the income tax exemption on investment returns on overseas holdings of local bonds.

 

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