South American Real Estate News
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Updates to the EU list of non-cooperative jurisdictions and possible re-launch of EU FTT and public CbC Reporting proposals

Council – Code of Conduct Group – Harmful Tax Regimes – EU list – Tax Transparency – Financial Transaction Tax – Country-by-Country Reporting On February 22, 2021, the Council adopted conclusions on a revised EU list of non-cooperative jurisdictions for tax purposes. The Council agreed to add Dominica to the list and to move Barbados to the “grey list”.  Namibia, Morocco and Santa Lucia were removed from the document, having fulfilled all their commitments. Following this latest revision,…

Uruguay is no longer the Switzerland of the South

Uruguay gradually starting  automatic data exchange with other countries and banking  secrecy will a thing of the past Uruguay is no longer the Switzerland of the South Uruguay has long been the strong box of black money from Argentina and Brazil. Banking secrecy laws similar to Switzerland protected investors from investigation from their home countries. Some say Punta del Este was built on black money from everywhere from Russia to Australia. The Uruguayan government has already made it  more than clear…
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