The governments of Argentina and the United States signed on December 23rd, 2016, a new tax information exchange agreement (“TIEA”). Jack Lew, U.S. Treasury Secretary, stated that the TIEA will allow for important collaboration between the two countries’ tax enforcement
Latin American Blog
Legal Issues Affecting the Hispanic Latino Market & Hispanic Latino Companies
The Latin American Blog, published by Sheppard, Mullin, Richter & Hampton LLP, focuses on legal developments and regulatory issues affecting Latin America. It covers topics such as infrastructure concessions, international trade agreements like NAFTA and USMCA, sanctions enforcement and compliance, foreign investment reviews including CFIUS, and cross-border commercial transactions. The blog addresses government policies, enforcement trends, and dispute resolution relevant to businesses operating in or with Latin American countries. It also highlights sector-specific matters including transportation, energy, and customs compliance, providing insights into legal risks and strategic considerations in the region.
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Congress Likely to Focus its Oversight Spotlight on the Private Sector
In a recent article in Entrepreneur, Sheppard Mullin partner Jonathan Meyer, a former Senate counsel to Vice President Biden and Deputy General Counsel at the Department of Homeland Security, points out that Congressional oversight of companies is likely to increase…
Negotiation By Tweet: The Uncertain Future of U.S.-Cuba Relations
After the announcement of Fidel Castro’s death on November 26, 2016, President Barack Obama sent a message to the Cuban people highlighting his administration’s efforts to improve relations between the United States and Cuba. “History will record and judge the…
Obama’s Not Slowing Down On Cuba: New Steps Forward Open Doors (and Humidors!) for Collaboration
By Lisa Mays
With fewer than 100 days left in office, President Obama is not slowing down on his efforts to normalize relations between the United States and Cuba. Today, several changes to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations…
FCC Liberalizes Rules for Foreign Investment in U.S. Broadcast Licensees
On September 30, 2016, the FCC adopted an order designed to liberalize and streamline the foreign ownership review process for broadcast licensees (the “Broadcast Liberalization Order”). Section 310(b) of the Communications Act caps at 25 percent the amount of indirect…
A Surge In Populism: Dangers To Transnational Trade In The Americas And Reasons For Hope
The ongoing presidential election in the United States has underscored a move against free trade by both of the main political parties. This article briefly summarizes some of the proven benefits of free trade and juxtaposes these with the stated…
In Wake of Panama Papers Scandal Obama Calls for Stricter Bank Regulations, Tax Rules
In a news conference today President Obama addressed rules and proposed regulations announced Thursday intended to help the U.S. fight tax evasion and other crimes connected to anonymous offshore companies and accounts. The announcements come after a month of intense…
Hotels and Hospitality in Cuba: OFAC and Obama Paving the Way
By Lisa Mays
With more flights, relaxing regulations, a historic presidential trip to Cuba, and news of hospitality services expanding into Cuba, the pathway into Cuba for hotels and hospitality companies seems smooth. But businesses should look out for the potential hurdles and…
Argentina Lifts its Currency Exchange, Exports, and Imports Restrictions
Mr. Mauricio Macri was sworn-in as President of Argentina on December 10, 2015. Four business days after taking office, Mr. Alfonso Prat-Gay, the new Minister of Finance, announced the fulfilment of the campaign promise to end the severe restrictions regarding…
Congress Passes Passport Revocation Bill Aimed At Large Tax Debtors
By Greg Berk
On December 4, 2015, the President signed into law HR 22, which requires the IRS to notify the State Department of any U.S. citizen who owes more than $50,000 in federal taxes. The State Department is then directed to revoke…