Latin America
Belize offshore bank sees a run on deposits after Fatca probe
An offshore bank in Belize, owned by prominent UK businessman Lord Ashcroft, has seen a sharp outflow of deposits following a US crackdown on tax evasion.
Latin America | 6 Jul 16
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.
RSA’s £403m sale of LatAm unit approved by Mexican regulator
Mexican insurance regulator National Commission of Insurance and Finance (CNSF) has approved the sale of the local arm of UK-based RSA Insurance Group by Colombia’s Grupo Sura.
BRICs still a viable investment theme, says Goldman Sachs
BRIC nations should still form up to 50% of any broad emerging markets exposure, said Kathryn Koch, head of global portfolio solutions at Goldman Sachs Asset Management.
Latin America | 18 May 16
Argentina offers new tax amnesty
In a bid to capture undeclared funds and assets from Argentines at home and overseas, Argentina’s national government has confirmed that it will offer a new tax amnesty this year.