TECHNICAL ROUND UP – BRAZIL TOLD TO SCRAP MANUFACTURING TAX BREAKS
December 1st, 2018
*Brazil has been told to reform tax breaks given to Brazil-based manufacturers of automobiles and information technology products. The World Trade Organisation’s (WTO) appellate body has ruled that they break WTO rules on giving special tax favours to domestic producers over importers. The appellate body however withdrew an earlier demand made by a WTO disputes settlement panel that certain related export subsidies be withdrawn within 90 days. *https://www.wto.org/english/tratop_e/dispu_e/cases_e/ds472_e.htm
*The European Parliament has backed proposed ...
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