Comparing Singapore, Vietnam, and Brazil: Tax and Macroeconomic Perspectives

Singapore is considered as a strategic gateway city to Asia due to its favorable tax and macroeconomic perspectives, positioning it in pole position compared to other cities. Vietnam and Brazil are also emerging markets in terms of tax and macroeconomic aspects. Vietnam is witnessing an increase in international tax norms adoption, while Brazil is undergoing significant tax law changes and embracing international tax norms to improve its macroeconomic outlook. Despite Brazil's historical challenges in tax compliance, efforts are being made to streamline processes and shift towards income and corporate taxes. The macroeconomic indicators in Brazil are relatively strong, with positive signs such as increased employment and manufacturing activity post-COVID. Additionally, there is a growing interest in wealth management products and private markets in Brazil, indicating a positive outlook for the country's economic development.