BRAZIL TAX REFORM
Brazil presidential election results: Five economic challenges facing re-elected President Lula
Brazil's economy is encountering significant challenges as President Lula starts his fourth term in January. Soaring public debt and rising mandatory spending limit budget flexibility, complicating fiscal management. High interest rates and persistent inflation hinder economic growth, impacting household and business debt levels. Lula's ability to implement reforms may be constrained by a conservative Congress, complicating his agenda.
Christopher Wood swapped Nvidia for a Greek infrastructure stock. The bet is paying off
Jefferies’ Christopher Wood replaced Nvidia with Greek infrastructure company GEK TERNA in his global long-only equity portfolio in October 2025. Since then, GEK TERNA has gained 65% in US-dollar terms, compared with Nvidia’s 15%. The shift reflects Wood’s preference for infrastructure, fiscal reform and improving economic fundamentals over crowded AI trades.
Tax matters, as does capital: Is it time for India to reconsider its LTCG tax policy on listed equities amid rising global competition?
Debate on long-term capital gains (LTCG) tax and securities transaction tax (STT) has gained momentum, with the government recognizing its significance. With foreign portfolio investors withdrawing substantial funds from Indian equities, the impact of tax regimes on investment behavior and market liquidity warrants deeper analysis. Reforms are necessary to enhance India's competitiveness in attracting global capital.
Brazil elections: Lula, Bolsonaro face off in first debate ahead of Presidential runoff
Brazil's presidential election runoff includes a crucial debate between President Luiz Inacio Lula da Silva and Senator Flavio Bolsonaro. Lula's campaign has shifted, engaging younger influencers for improved social media strategies to connect with voters. Bolsonaro has criticized Lula's promises, accusing him of deceiving people for electoral gain. Recent polls show a tightening race, and both candidates are ramping up their efforts.
As Brazil gears up for elections, US midterms signal a transformative year for global politics and democracy
Brazil is preparing for a closely watched presidential election involving incumbent Luiz Inacio Lula da Silva and challenger Flavio Bolsonaro. Other countries, including Israel and the US, also have significant elections scheduled soon, which may influence global markets. Investors are particularly attentive to Brazil's fiscal concerns and the potential impacts of these elections.
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitions
BRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more representative global order. The document outlines India's 2026 chairship priorities, recognises partner countries' contributions and calls for greater participation of Emerging Markets, Developing Countries and Least Developed Countries in global governance.
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India attracts capital. Now it must build what the world pays royalties for
India has emerged as a major investment destination, but much of the value generated by foreign companies still flows overseas through dividends, royalties and intellectual property payments. The column argues that India must move beyond being a manufacturing and consumption base by building globally competitive brands, proprietary technology and Indian-owned intellectual property.
WTO talks run overtime as Brazil, US clash on ecomm moratorium
World Trade Organization talks in Cameroon extended beyond deadlines. Negotiators from the US and Brazil debated agriculture and electronic transmission tariffs. India prevented a China-backed investment agreement from joining the WTO. This pact will now be negotiated separately. India also pushed for progress on development issues and special treatment for developing nations.
WTO talks in Brazil-US deadlock over ecommerce duties moratorium
Negotiations to extend the moratorium - which is set to expire in March - by four years plus an additional buffer year to 2031 are stuck, even though a broader reform package appears close to a deal, a senior diplomat and two diplomats told Reuters.
Brazil to offer tax breaks to lure data center investments
Brazilian Finance Minister Fernando Haddad's trip to California on Friday includes a May 6 breakfast with tech executives in Palo Alto, where he will pitch Brazil as a sustainable infrastructure hub, leveraging the country's abundant supply of renewable energy.
New survey reveals nearly 74% Indians support taxing the super-rich; Here's why
As the G20 finance ministers' meeting approaches, a new survey shows overwhelming public support for a wealth tax on the super-rich. Conducted by the Earth4All initiative and Global Commons Alliance, the survey reveals that 74 per cent of Indians support wealth taxation to address global issues like hunger, inequality, and climate change. The meeting will discuss implementing a global minimum tax on the ultra-rich, potentially reshaping global economic policies.
Want to see expansion of UNSC permanent seats to include India, Brazil, Germany, Japan: UK
On reform of the UN Security Council, "we want to see the expansion of the Council's permanent seats to include India, Brazil, Germany and Japan and African representation. It's high time the Council entered the 2020s," Woodward told reporters here on Monday. Woodward referred to remarks by British Foreign Secretary James Cleverly last week in which he announced the UK's ambition to drive forward reform of the multilateral system.
Brazil prez Luiz Inacio Lula da Silva removes military guards at presidential palace
Last week, Lula told reporters that security force members were complicit in letting a mob of supporters of far-right former President Jair Bolsonaro storm the main buildings that form the seat of power in Brasilia. Diplomatic row between Guatemala, Colombia deepens over graft probes.
FPI association urges government to reduce taxes, push reforms
India is the only major financial market that levies both transactional tax and capital gains tax on profits.
Why markets love strongmen
Now more than ever, amoral markets are rallying behind autocrats who promote growth.
View: Don't blame Modi for this slowdown. He is just investing big in India's future
In a democracy this large, there were always going to be compromises and some operational sticking points. Better to address sooner than later.
BRICS heads of revenue sign tax cooperation pact; hail India's GST
The meeting of the BRICS (Brazil, Russia, India, China and South Africa) Heads of Revenue and Tax Experts was held at Hangzhou, China from July 25-27.
Wolters Kluwer to post double-digit revenue growth in India: Corinne Saunders
Corinne Saunders opines that adoption of reforms such as smart cities and GST will enable her company to post double-digit revenue growth here.
GST will enable Wolters Kluwer to post double-digit revenue growth in India: Corinne Saunders
"These reforms will boost the need for accountancy services and technology solutions to support tax filing requirements."
A look at how GST was rolled out in other countries
Japan introduced consumption tax in 1989 at a rate of 3%. In 1997 this increased to 5% and Japan went into recession. In 2012, Diet doubled the tax to 10%.
World Bank may include 8 more cities in ease of business rating
Nirmala Sitharaman told an investor conference here that the expansion of the survey to 10 cities would improve quality of the index, which had placed India at 130 rank although the government is seeking to break into the top 50 league.
IMF flags decelerating pace of reforms in India
IMF warned there is a risk that emerging economies do not reduce vulnerabilities and rebuild buffers sufficiently before capital flow reversals materialise.
World Bank may revise India's growth projection: Kaushik Basu
Kaushik Basu indicated that the bank may revise its GDP growth projection for India after it goes for a stock-taking in a few months.
India close to picking candidate for New Development Bank
The bank will be established by BRICS countries. India has ratified the provisions under the Bank and Contingent Reserve Arrangement (CRA).
India's fiscal deficit may rise to 8.5 pc of GDP in FY14: IMF
This projection comes a day after the multilateral agency lowered its projection of India's growth rate to 3.75 per cent in 2013.
Narayana Murthy lauds government's reforms push, says India's image has improved
"I do believe that if we keep this (reform momentum) going we will bring in a change of perception about India," Narayana Murthy said.
US biz should tap growing demand in India, China: Geithner
Geithner said the US needs to carry out tax reforms and invest in education, innovation and infrastructure to attract investments and spur the economy.
India's tax system better than China's: PwC
India has a lower total tax rate of 70.6% as compared to China's 73.9%, while it also scores ahead of China in terms of compliance time. Key to indulgence
71% tax trauma for India Inc: Study
India, ranked 165 in the overall paying taxes ranking, however, has got an overall better ranking for ease of paying taxes than China, which is at 168 (73.90%).
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