7 ms·

US, Argentina agree to exchange country-by-country reports on multinationals

103 points by clcuc 6y ago

slater 6y ago
Server seems like it didn't appreciate the HN hug; here's the web archive: https://web.archive.org/web/20210131202023/https://mnetax.com/us-argentina-agree-to-exchange-country-by-country-reports-of-large-multinational-42276 https://web.archive.org/web/20210131202023/https://mnetax.co...
- OnlyOneCannolo 6y ago
  This is the whole article: > The US and Argentina have signed a competent authority agreement to exchange country-by-country reports describing aspects of the tax affairs of large multinational groups, the US IRS announced today. > The aim of the exchange is to allow country tax authorities better insight into the activities of the multinational and it’s into its tax liabilities and payments. The reports help tax authorities determine if there is a risk that the multinational is avoiding tax through inappropriate transfer pricing or through other means. > The text of the US-Argentina competent authority agreement is not yet available.
sbassi 6y ago
link broken (under load now). Here is another article about the same issue, but with more details, but in Spanish: https://www.ambito.com/afip/pone-el-foco-multinacionales-estadounidenses-que-operan-la-argentina-n5166506 https://www.ambito.com/afip/pone-el-foco-multinacionales-est...
clcuc 6y ago
As others have pointed out, it looks like the server is under load. Here are some related links: [0]: https://www.irs.gov/businesses/country-by-country-reporting-jurisdiction-status-table https://www.irs.gov/businesses/country-by-country-reporting-... [1]: https://argentinaeconomica.net/2021/01/29/us-argentina-agree-to-exchange-country-by-country-reports-on-large-multinationals/ https://argentinaeconomica.net/2021/01/29/us-argentina-agree... [2]: https://www.baenegocios.com/economia/AFIP-firma-convenio-clave-con-EEUU-para-acceder-a-informacion-de-multinacionales-20210131-0012.html https://www.baenegocios.com/economia/AFIP-firma-convenio-cla... [3]: https://www.ambito.com/afip/pone-el-foco-multinacionales-estadounidenses-que-operan-la-argentina-n5166506 https://www.ambito.com/afip/pone-el-foco-multinacionales-est...
nip180 6y ago
It’s worth saying Boise Aries is a top 5 city in the Americas by population, and has a long history of being very immigrant friendly. I wonder if there was some tax evasion happening...
- deleted 6y ago
  [deleted]
- ficklepickle 6y ago
  *Buenos Aires No Idaho involved ;)
- vinay427 6y ago
  > Boise Aries is a top 5 city in the Americas Not to be confused with the far less populous and less famously immigrant-friendly Boise. On a more serious note, I'm curious what connection you see between immigration and tax evasion. Is Buenos Aires known for certain kinds of immigration?
  - nostromo 6y ago
    I'm guessing you haven't actually been to Boise? It has a huge immigrant population. Lots of Latinos, but also folks from all over Asia and Europe to work at Micron. It also has an ever-growing number of Californian expats.
    - vinay427 6y ago
      Yes, I wasn't presuming otherwise, which is why I specified "less famously immigrant-friendly" instead of "less immigrant-friendly." I simply haven't heard as much about the immigration there even though I'm American, probably because Buenos Aires is a much larger city. EDIT: Also, in case my "on a more serious note" didn't make it explicitly clear, that entire sentence about Boise was a joke. EDIT 2: I might as well add that I looked this up [1], and Boise ranks 175th in immigration as a percentage of the metropolitan population or 101st as a percentage of cities, just among metropolitan areas (MSAs) or cities in the US. That's not exactly a "huge immigrant population" by my account. [1] https://www.migrationpolicy.org/programs/data-hub/charts/us-immigrant-population-metropolitan-area https://www.migrationpolicy.org/programs/data-hub/charts/us-...
stuaxo 6y ago
This data should be shared by all countries on an open basis.
- sirmoveon 6y ago
  Yeah, beauty pageant are going to start asking for this instead of world peace. Dream.
  - boomboomsubban 6y ago
    There's at least an obvious solution to this problem even if it's unlikely to happen. A far more practical dream worth bringing up every time.
- deleted 6y ago
  [deleted]
- cft 6y ago
  Aren't you concerned about privacy implications? I am glad some people don't have this totalitarian thinking and will never have: https://www.youtube.com/watch?v=ltb3lJCd1mA https://www.youtube.com/watch?v=ltb3lJCd1mA I highly recommend all videos by Nomad Capitalist.
  - disabled 6y ago
    Can you please not mention Nomad Capitalist? The person running that business is a known scam artist. Here is a discussion about his schemes: https://www.sitejabber.com/faq/nomadcapitalist.com/has-anyone-used-them-is-it-a-con https://www.sitejabber.com/faq/nomadcapitalist.com/has-anyon... Here is a Reddit page about him: https://www.reddit.com/r/digitalnomad/comments/6wl962/is_andrew_henderson_from_nomad_capitalist_reliable/ https://www.reddit.com/r/digitalnomad/comments/6wl962/is_and... Here is someone who created a whole website stating his scheme: https://nomadcapitalistscam.com/ https://nomadcapitalistscam.com/ Reviews page with revealing information: https://www.sitejabber.com/reviews/nomadcapitalist.com https://www.sitejabber.com/reviews/nomadcapitalist.com Thank you for understanding.
dontgamestop 6y ago
After 6 hours I cant find more reputable sources for this

103 points by clcuc 6y ago

Server seems like it didn't appreciate the HN hug; here's the web archive: https://web.archive.org/web/20210131202023/https://mnetax.com/us-argentina-agree-to-exchange-country-by-country-reports-of-large-multinational-42276 https://web.archive.org/web/20210131202023/https://mnetax.co...

OnlyOneCannolo 6y ago
This is the whole article: > The US and Argentina have signed a competent authority agreement to exchange country-by-country reports describing aspects of the tax affairs of large multinational groups, the US IRS announced today. > The aim of the exchange is to allow country tax authorities better insight into the activities of the multinational and it’s into its tax liabilities and payments. The reports help tax authorities determine if there is a risk that the multinational is avoiding tax through inappropriate transfer pricing or through other means. > The text of the US-Argentina competent authority agreement is not yet available.

sbassi 6y ago

link broken (under load now). Here is another article about the same issue, but with more details, but in Spanish: https://www.ambito.com/afip/pone-el-foco-multinacionales-estadounidenses-que-operan-la-argentina-n5166506 https://www.ambito.com/afip/pone-el-foco-multinacionales-est...

clcuc 6y ago

As others have pointed out, it looks like the server is under load. Here are some related links: [0]: https://www.irs.gov/businesses/country-by-country-reporting-jurisdiction-status-table https://www.irs.gov/businesses/country-by-country-reporting-... [1]: https://argentinaeconomica.net/2021/01/29/us-argentina-agree-to-exchange-country-by-country-reports-on-large-multinationals/ https://argentinaeconomica.net/2021/01/29/us-argentina-agree... [2]: https://www.baenegocios.com/economia/AFIP-firma-convenio-clave-con-EEUU-para-acceder-a-informacion-de-multinacionales-20210131-0012.html https://www.baenegocios.com/economia/AFIP-firma-convenio-cla... [3]: https://www.ambito.com/afip/pone-el-foco-multinacionales-estadounidenses-que-operan-la-argentina-n5166506 https://www.ambito.com/afip/pone-el-foco-multinacionales-est...

nip180 6y ago

It’s worth saying Boise Aries is a top 5 city in the Americas by population, and has a long history of being very immigrant friendly. I wonder if there was some tax evasion happening...

deleted 6y ago
[deleted]
ficklepickle 6y ago
*Buenos Aires No Idaho involved ;)
vinay427 6y ago
> Boise Aries is a top 5 city in the Americas Not to be confused with the far less populous and less famously immigrant-friendly Boise. On a more serious note, I'm curious what connection you see between immigration and tax evasion. Is Buenos Aires known for certain kinds of immigration?
- nostromo 6y ago
  I'm guessing you haven't actually been to Boise? It has a huge immigrant population. Lots of Latinos, but also folks from all over Asia and Europe to work at Micron. It also has an ever-growing number of Californian expats.
  - vinay427 6y ago
    Yes, I wasn't presuming otherwise, which is why I specified "less famously immigrant-friendly" instead of "less immigrant-friendly." I simply haven't heard as much about the immigration there even though I'm American, probably because Buenos Aires is a much larger city. EDIT: Also, in case my "on a more serious note" didn't make it explicitly clear, that entire sentence about Boise was a joke. EDIT 2: I might as well add that I looked this up [1], and Boise ranks 175th in immigration as a percentage of the metropolitan population or 101st as a percentage of cities, just among metropolitan areas (MSAs) or cities in the US. That's not exactly a "huge immigrant population" by my account. [1] https://www.migrationpolicy.org/programs/data-hub/charts/us-immigrant-population-metropolitan-area https://www.migrationpolicy.org/programs/data-hub/charts/us-...

stuaxo 6y ago

This data should be shared by all countries on an open basis.

sirmoveon 6y ago
Yeah, beauty pageant are going to start asking for this instead of world peace. Dream.
- boomboomsubban 6y ago
  There's at least an obvious solution to this problem even if it's unlikely to happen. A far more practical dream worth bringing up every time.
deleted 6y ago
[deleted]
cft 6y ago
Aren't you concerned about privacy implications? I am glad some people don't have this totalitarian thinking and will never have: https://www.youtube.com/watch?v=ltb3lJCd1mA https://www.youtube.com/watch?v=ltb3lJCd1mA I highly recommend all videos by Nomad Capitalist.
- disabled 6y ago
  Can you please not mention Nomad Capitalist? The person running that business is a known scam artist. Here is a discussion about his schemes: https://www.sitejabber.com/faq/nomadcapitalist.com/has-anyone-used-them-is-it-a-con https://www.sitejabber.com/faq/nomadcapitalist.com/has-anyon... Here is a Reddit page about him: https://www.reddit.com/r/digitalnomad/comments/6wl962/is_andrew_henderson_from_nomad_capitalist_reliable/ https://www.reddit.com/r/digitalnomad/comments/6wl962/is_and... Here is someone who created a whole website stating his scheme: https://nomadcapitalistscam.com/ https://nomadcapitalistscam.com/ Reviews page with revealing information: https://www.sitejabber.com/reviews/nomadcapitalist.com https://www.sitejabber.com/reviews/nomadcapitalist.com Thank you for understanding.

dontgamestop 6y ago

After 6 hours I cant find more reputable sources for this