WTO FINDS ‘DISCRIMINATORY’ BRAZILIAN TAXATION BREAKS GLOBAL TAX RULES

THE WORLD Trade Organisation (WTO) appellate body is considering an appeal by Brazil against a WTO disputes panel ruling that a wide range of Brazilian tax systems, designed to promote domestic production and exports, breach global trading agreements. The WTO backed Japan and European Union (EU) complaints that these discriminate unfairly against non-Brazilian competitors. The tax programmes identified included four helping Brazilian IT firms with tax exemptions, suspensions and reductions when using Brazil-made and designed technology; the INOVAR-AUTO programme ...


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