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November 11, 2024
2024-2059

Americas Tax Roundup | 11 November 2024

 
 

A weekly summary of the top weekly tax news, trends
and developments in the Americas

 
 
      
 

     This week's tax news from the Americas

  • United States election outcome — potential impact on global trade
    The Republican candidate, Donald Trump, has secured the electoral votes needed to become the 47th President of the United States. Trump will officially take office on 20 January 2025. The implications of the US presidential election for global trade and tariffs are now at the forefront of economic discussions around the world. The US plays a pivotal role in shaping international trade dynamics and the outcome of this election is set to have a significant impact on trade policies, global partnerships, tariff structures and the overall economic landscape, both domestically and abroad.
  • Argentina publishes transfer pricing regulations for transactions involving sole purpose vehicles
    On 23 October 2024, the Argentine Tax Authorities (AFIP) published, in the Official Gazette, General Resolution 5590/2024 (GR 5590), incorporating the transfer pricing rules into the framework of the Incentive Regime for Large Investments (RIGI). Specifically, Title IV of GR 5590 incorporates transfer pricing provisions for the operations involving sole purpose vehicles (SPVs) to help ensure that the transactions are carried out as if they were executed between independent parties. SPVs must, among other things, make an annual filing with the AFIP, which is due six months after the end of the fiscal year, and include the transfer pricing analysis applicable to its local transactions.
  
 
 

     This week's newsletters

  
 
 

     Upcoming EY webcasts

     Post-election webcasts

A calendar of all upcoming EY webcasts is available.

  
 
 

     Recent EY podcasts

All episodes of the EY Cross-Border Taxation Spotlight and
EY Talks Tax are available through Apple podcasts.

  
 
 

      This week's EY Global Tax Alerts

     Americas

     Africa

     Asia

     Europe

     Middle East

  
 
 

      This week's EY publications

     2024 US elections

     Banking and Capital markets

     Compliance

     Energy

     Insurance

     M&A

     Mining and metals

  
 
 
 

Additional resources

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EY Guides available for download
Browse our in-depth guides covering corporate tax, indirect tax, personal taxes, TP and other tax matters in more than 150 countries.

Comments. If you have any questions or suggestions about this newsletter, please email Tax News Update Help at: ustaxalertshelp@ey.com.

 
 
 
 

About Americas Tax Roundup

Published by NTD's Tax Technical Knowledge Services Group, Washington, D.C.
Jennifer Brittenham, writer and editor

Distributed weekly to all Americas Tax personnel.

 
 
 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

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