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…

Bright Future for the Mexican Peso

Today Mexico’s key economic indicators appear to be increasingly robust and stable. Mexico is projecting 3.5 percent growth this year, an impressive economic turnaround led largely by exports to China. This economic growth will spur Mexico to become one of the two most interesting markets to invest in Latin America, just behind Brazil. This article…

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…