Skip to main content

Legal Update

WTO Panel Rejects Argentina’s Tax Transparency Penalties

7 October 2015
Mayer Brown Legal Update

Panama challenged eight of the retaliatory measures imposed by Argentina against countries designated as “non-cooperating” under Argentina’s Decree No. 589/2013. A World Trade Organization dispute settlement panel ultimately held that Argentina’s measures are inconsistent with its WTO obligations under the General Agreement on Trade in Services. Among other reasons, the decision is significant because it is the first time that a WTO panel has analyzed the exception from non-discrimination commitments for prudential measures regulating financial services.

The Build a Report feature requires the use of cookies to function properly. Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently. If you do not accept cookies, this function will not work. For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.