As India Embarks on Landmark Tax Reform, Growing Pains Are All but Guaranteed

In this Veracity Insight, we analyze the impending reforms to India’s tax system. India is poised to replace its complex and fractured tax regime with a nationwide goods and services tax, or GST. While the GST is expected to make it dramatically easier to do business in the country and could go a long way toward creating a more transparent and predictable market, the tax must first clear a series of political, legislative, and technological hurdles before firms can begin to reap its benefits. In short, in the near term, India’s road to GST is likely to be a bumpy one. As India Embarks on Landmark Tax Reform, Growing Pains Are All but Guaranteed.

Smoke and Mirrors: Why a High-Profile New Appointment in Russia Does Not Herald an Era of Reform

In this Veracity Insight, Christopher Peters discusses what the appointment of Alexei Kudrin, a leading reformist in Russia, to a chief economic advisory role means for the country’s investment and political environment. He notes that although Kudrin’s reformist ideology is unlikely to have a significant impact given Putin’s conservative leanings, the appointment does indicate that Putin is at least open to alternate views, and that Kudrin may be setting up shop for a potential premiership following the 2018 presidential election. Veracity Insight — Smoke and Mirrors — Why a High-Profile New Appointment in Russia Does Not Herald Reform.

A PARADOX OF POWER IN NEWLY DEMOCRATIC MYANMAR

In this Veracity Insight, Daniel Patton examines the power dynamic in Myanmar since the National League for Democracy took office last month, officially ending more than a half-century of military rule. As he explains, a range of ethnic issues — namely, insurgent ethnic groups demanding greater autonomy in ongoing peace talks with the NLD and the military — pose a threat to Myanmar’s democracy and foreign investment climate, should the talks fail and lead to conflict. A Paradox of Power in Newly Democratic Myanmar.