| | 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.
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| | 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. | |
