US Tax Code Section 1441: Withholding and reporting requirements for payments to a foreign person

Does your company make payments to foreign entities or non-U.S. individuals? If yes, you may have tax withholding requirements. Tax Code Section 1441 sets forth the requirements for tax withholding that applies when a U.S. entity makes payments to a foreign person. Many U.S. companies, however, are either unfamiliar with the applicable rules, or are…

Money Laundering in Spain

Spain is now one of the top European nations impacted by money laundering. The depth and extent of the illegal activities that encompass “money laundering” have perplexed Spanish authorities. Although the Spanish government has adopted a number of measures to control money laundering, the failure of such efforts is evident. Recent statistics show that money…