ARGENTINA’S TAX DEPARTMENT STRIPS PROCTER & GAMBLE LICENSE

ARGENTINA’S TAX DEPARTMENT STRIPS PROCTER & GAMBLE LICENSE

Corporate Tax | Management
Approximately 500 American companies operate in Argentina—but on November 3 that number abruptly decreased by one as the country’s tax authority, the Administración Federal de Ingresos Públicos (AFIP) revoked the company’s registration, accusing P&G of tax and accounting fraud.

RATING AGENCIES - U.S. UNDER PRESSURE

RATING AGENCIES - U.S. UNDER PRESSURE

Pressure from Congress in the wake of the global financial crisis led the SEC to expedite its lethargic and opaque process of registering rating agencies. As a result there are now 10 Nationally Recognized Statistical Ratings Organizations (NRSROs).

US EX-IM BANK FACES AN UNCERTAIN FUTURE

US EX-IM BANK FACES AN UNCERTAIN FUTURE

UNITED STATES
In its 2013 report to Congress, the Export-Import Bank of the United States says that its “overriding mission is to create and sustain American jobs by supporting US exports.” But that very mission is under threat, with House Financial Services Committee chairman Jeb Hensarling, among others, seeking to abolish the bank.