Top 10 Headlines from Latin America Brazil has signed tax treaties with the following countries which have not been ratified yet and, therefore, are not currently in force: Paraguay, Russia, Trinidad and Tobago and Venezuela. The general statutory corporate income tax rate for entities incorporated in Argentina including branches or permanent establishments of foreign companies is 35%. A recent Agreement aims to encourage competition in the electric power generation, distribution, transmission and commercialization markets in Brazil. Article 181 of the Mexican Law of Industrial Property (MLIP) establishes that when a trademark application is filed by a legal representative, the legal capacity of the latter must be proved through a power of attorney signed by the applicant. On August 3, 2010, the Brazilian National Policy on Waste Management (PNRS) came into force. Established by Federal Law n. 12,305/2010, the PNRS provides for guidelines on joint and environmentally appropriate management of solid waste, and regulates issues such as joint management, proper allocation and disposal, and shared responsibilities. Brazil has signed tax treaties with the following countries which have not been ratified yet and, therefore, are not currently in force: Paraguay, Russia, Trinidad and Tobago and Venezuela. On April 28, 2010, the Brazilian Securities, Commodities and Futures Exchange (BM&FBOVESPA S.A – Bolsa de Valores, Mercadorias e Futuros – BVMF) announced that the first 10 Non-Sponsored Brazilian Depositary Receipts (BDRs) Level I, which represent stocks issued by foreign companies that are traded in Brazil, will be: Apple (click link below to read more) The Official Gazette of the Union (Diário Oficial da União - DOU) of August 23, 2010 published Legal Opinion CGU/AGU Nº 01/2008 - RVJ, dated September 3, 2008, issued by the General Counselor of the Republic and approved by the Attorney-General of the Union and the President of the Republic, which extends to Brazilian companies controlled by foreigners the limits to the acquisition of Brazilian rural land by foreigners imposed by the applicable legislation. The Brazilian federal tax authorities enacted Regulation No. 1037 ("Instrução Normativa n. 1037/2010") on June 4, 2010 listing jurisdictions classified as tax havens and privileged tax regimes as defined by Brazilian tax legislation. On June 4, 2010, the Secretary of the Brazilian Federal Revenue Office ("Receita Federal do Brasil" – RFB) issued RFB Normative Instruction nº 1037, which contains an updated list of favored taxation countries ("países com tributação favorecida") formed by the so-called "tax haven countries" ("paraísos fiscais"). | 
