How can wealth firms be successful in Latam?
Companies ‘try to impose too much of a European or American style business culture’
Argentina
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Trio charged after investors lose $155m
They were arrested in Spain, Argentina, and the US
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Argentina passes ‘one-off’ wealth tax
To raise $3.5bn to pay the country’s covid-19 bill
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Argentina wipes €1.6bn from Franklin Templeton funds
Fund manager Michael Hasenstab had a reputation for taking risks and investing in volatile sectors
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Signs of growth but Latin America still a ‘work in progress’
After a multi-year slowdown, 2017 was the year in which Latin America’s growth resumed. But each country is still, very much, its own economic and investment story.
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Zurich ramps up Latin America with $409m acquisition
Australia’s QBE Insurance Group is selling its Latin America operations to Zurich, which will see the Swiss giant take market-leading positions in countries across the region.
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Rogue tax official arrests show CRS risks
The arrest of seven tax officials in Argentina accused of selling data has highlighted the risks of sharing tax information globally.
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Argentina ‘spying’ on footballer Messi over Panama Paper links
Barcelona football legend Lionel Messi is being followed by an Argentinian government spy, according to a sensational report in the country’s local media.
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EM countries target offshore wealth with tax amnesties
Bond holders look set to benefit from the tax amnesties offered by some emerging market countries that have realised that substantial wealth resides outside their borders which has never been declared for tax purposes, says Jan Dehn, head of research at Ashmore.
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Brazil nets $15.7bn in tax amnesty
More than 25,000 individuals and 103 companies voluntarily declared offshore assets worth more than BRL169.9bn via a Brazilian amnesty, netting the taxman BRL50.9bn (£12.8bn, $15.7bn, €14.3bn) in taxes and penalties.
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Barclays and Deutsche continue non-core business sell-off
Barclays has completed the sale of its Italian retail banking network, while Deutsche Bank is to sell its subsidiary in Argentina, as the banks continue to rationalise their footprints and business strategies.
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Lionel Messi sentenced to 21 months for tax fraud
Argentinean footballer Lionel Messi has been sentenced to 21 months in prison for tax fraud by a Spanish court after being found guilty of defrauding Spain of €4.1m (£3.5m, €4.6m) between 2007 and 2009.