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Argentina establishes non-resident capital gains tax payment mechanism

The Argentine tax authority on April 12, 2018, issued General Resolution No. 4227 (the General Resolution), establishing a mechanism for nonresidents to pay the capital gains tax on transfers of Argentine shares and other securities. The General Resolution, which took effect April 26, 2018, applies to taxable transactions entered into after September 23, 2013, the date on which the capital gains tax was introduced.

FCA Asset Management Market Study policy statement and consultation paper

The FCA published its asset management market study policy statement and consultation paper. This provides final clarity on the rules relating to independent NEDs, the framework for assessing value, box profits and share-class conversions. It also proposes new rules on performance fees, fund objectives and disclosure on the use (and non-use) of benchmarks.

India Union Budget 2018

This alert provides details on the announcements made by the Indian Finance Minister in the Union Budget on 1 February 2018. The proposals made will affect Foreign Portfolio Investors (“FPIs”)

Brexit - how prepared is your business?

Asset and wealth managers operating across the EU must now begin to implement their plans to respond to the formal triggering of Article 50. Firms are considering possible worst-case scenario outcomes, what that would mean for their business and what no-regrets actions can be prioritised.

Corporate Criminal Offences

HMRC has published the final version of its guidance for the new corporate offences of failure to prevent criminal facilitation of tax evasion, one in relation to UK taxes and the other for foreign taxes, which come into effect on 30 September 2017.