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USA: Interest-Charge Domestic International Sales Corporations

1 January 2014
An interest-charge domestic international sales corporation (IC-DISC) can be a powerful tax savings opportunity for many companies exporting products. An IC-DISC is a domestic corporation that primarily engages in foreign sales and exporting activity. Many years ago, the U.S. government created this law as a means to promote U.S.

USA: Withholding under US FATCA rules delayed

1 August 2013
On 12 July 2013, the IRS issued Notice 2013-43 (the notice) that extends the date on which Foreign Account Tax Compliance Act (FATCA) withholding is to begin to 1 July 2014.

Mexico: Changes in Mexico's Federal Labour Law

1 August 2013
On 1 December 2012, important changes in Mexico’s Federal Labour Law (the 2012 amendments) came into effect.

The new meaning of the ‘squeezed middle’

20 March 2013
Spare a thought for the squeezed middle. Joe Adams, the Managing Partner of McGladrey LLP, our member firm in the US, has just authored a fascinating article for Forbes.com, championing the middle market.

USA: New regulations modify rules governing outbound transfers

1 March 2013
On 18 March 2013, the IRS and Treasury published final, temporary and proposed regulations under Sections 367 and 12481 that address the treatment of outbound transfers of property by US corporations and other matters (“2013 Regulations”).

Audit profession must add value or face irrelevance

20 November 2012
Has there ever been a more challenging time to be an accountant? Or, to put it another way, is the accounting profession now so turbulent that many of us would rather be actuaries?

Transfer Pricing: OECD Discussion Draft: Transfer pricing aspects of intangibles

1 October 2012
On 6 June 2012, the OECD published the first discussion draft for the revision of chapter VI of its transfer pricing guidelines.

United States of America: The application of the US FATCA rules to International Investment Funds

1 October 2012
In July 2009, the United States Department of Justice announced that it had reached a settlement with Swiss bank UBS under which the bank agreed to disclose the identities of over 50,000 US customers who used UBS accounts to commit US federal tax evasion.

USA: Proposed FATCA regulations

1 June 2012
On 8 February 2012, the IRS issued proposed regulations providing rules pursuant to the Foreign Account Tax Compliance Act (FATCA). The proposed regulations are generally consistent with the guidance set out in prior Notices. However, there are significant modifications and refinements.

USA: Foreign Investment in U.S. Real Estate

31 December 2011
Is there a “best” way for a foreign individual to own U.S. real estate?  When planning to acquire U.S. real estate, foreign individuals have a number of ownership alternatives to consider each of which offers its own advantages and disadvantages. There are other items a foreign investor should consider when evaluating the most advantageous method for holding U.S.