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  • 24 Jan 2020 12:24 PM | Deleted user

    Austin Ranked #1
    By the Urban Land Institute

    Urban Land Institute’s annual industry survey indicated that Austin claimed from six to the top of the list for big investor focus in 2020, due to its deep talent pool and a commitment to business and real estate development.

    The Urban Land Institute is the oldest and largest network of cross-disciplinary real estate and land use experts in the world.

    Each year, the ULI surveys roughly 1,450 real estate industry professionals across the country and tracks 80 U.S. metropolitan areas. More than half the professionals are private property owners, commercial real estate developers or hold positions within real estate advisory firms.

    Following are some of the factors that has helped Austin to obtain its position:

    • Apple's $1 billion campus now under construction

    • A plan for a major airport expansion

    • A big, new, mixed-use development near downtown on Lady Bird Lake

    • The opening of the Dell Medical School at the University of Texas

    “Our survey respondents rate Austin a solid ‘buy’ for industrial, offices, and apartments for the coming year,” the ULI organization found.


    Urban Land Institute. Retrieved September 19, 2019 from h https://ulidigitalmarketing.blob.core.windows.net/emergingtrendspdfs/ET2020

    https://product.costar.com/home/news/525217395?tag=1

    Another important factor for investors is that Amazon announced to build a $200 million multistory distribution center in the Austin metroplex area.

    The e-commerce powerhouse is considering Pflugerville, Texas, a suburb about 17 miles north of downtown Austin, for a 3.8 million-square-foot distribution center, according to public filings and people familiar with the project. State documents call “Project Charm” the $200 million logistics center that could be as tall as five stories.

    Multistory warehouses are more common in Europe. in November 2019 Amazon opened a 2.26 million-square-foot distribution center in Poland.

    The first multistory distribution center, or vertical warehouse, in the United States was built in Seattle by Prologis in 2018 and is partly leased to Amazon as well as Home Depot, according to JLL.

    https://product.costar.com/home/news/878108265

    Another proof of investor’s wiliness to buy in Austin is a resent $100 million investment in an office and industrial portfolio.

    Mohr Capital, a Dallas real estate investor firm, purchased the 404,800-square-foot portfolio in the MetCenter, a 550-acre mixed-use business park in southeast Austin near the Austin Bergstrom International Airport, according to a statement from the company.

    The $247 per square foot deal includes an 160,000-square-foot industrial building at 7000 Metropolis Drive that currently leased by Uber Advanced Technologies and Amazon.com, and four office buildings totaling 244,000 square feet leased to a mix of technology, government and healthcare tenants, according to the statement.

    "With the city's substantial growth through corporate relocation and population inflow, and a favorable tax environment, we believe Austin will continue to rise and further solidify itself as a hub for business and innovation," Mohr said in the statement.


    Article by:  Daniel La Rocca, MA, MBA
    Contact: daniel@daniellarocca.com

  • 24 Jan 2020 11:47 AM | Deleted user

    CASE STUDY:

    Fluid containment during drilling operations is possible

    Research Objective

    Measure the amount of drilling fluids released during tripping operations and the amount of fluids that can be collected by a containment system.

    Data Collection and Testing During 4 Tripping Events

    1. Total volume of drilling fluid released from the drill string

    2. Total volume of fluids released on the rig floor and substructure

    Results:

    The System Collected 99.9% of the drilling fluids during 4 tripping operations and it was verified by the ETV Program (Environmental Technology Verification).

    The result of this study proves:

    • The Fluid Containment System recovered 99.9% fluids and avoided all contamination
    • Significant ROI on Drilling Fluids savings and elimination of cleanup cost are realized.
    • The Fluid Containment System is a proactive and sustainable solution for the upstream oil and gas industry earning social license to operate
    • Significant Environmental Protection is achieved
    • Significant improvement in Worker Safety will be achieved

    Proactively Providing Sustainable Well Life Cycle SolutionsTM

    Contact KatchKan.com for more information about this study

    Article by KatchKan.com 


  • 22 Jan 2020 11:58 AM | Deleted user

    SUPPORTING ORGANIZATIONS


  • 20 Jan 2020 11:55 AM | Deleted user

    American Company Installs Argentinian Technology in North Dakota



    The Argentinian company Moto Mecanica Argentina SA. (MMA) introduced the technology of the “mSafe,” a self-contained hydraulic control system in July 2019. In November 2019, a new company from the state of North Dakota showed its interest in installing and testing the Argentinian company’s equipment in one of their wells.

    The project leader of MMA en US Cristian Decia explained that this past month the mSafe technology was installed and used by a recently interested company in the wells of Bakken Three Forks, in North Dakota. This installation was the first mSafe successfully used by the new American client. After the installation, tests will be conducted to further develop and improve the mSafe’s technology and performance according to the client’s needs.

    The field performance of the mSafe under the low temperatures in North Dakota will help validating the studies and testing already executed and completed in the low temperature chambers of the laboratories of MMA.

    The mSafe is a product that comes from the first project named OPTIPRO technology, an optimizer for mature wells which has already been consolidated and incorporated in the market of the regions of Neuquen, Argentina, as well as some regions of Chile.

    How the mSafe works

    The mSafe incorporates electronic assistance which allows operators to open and securely close a hydraulic valve, operated locally, remotely and automatically by high or low pressure in the line or Emergency Shut Down.

    The mSafe also has a pressure stabilization actuator system by daily temperature variation. It provides and relieves hydraulic fluids automatically to maintain a stable pressure inside the actuator of the valve within a pre-set range. This function eliminates progressive closure that occurs in purely mechanical systems which require continuous operator intervention.

    Author: Cristian Decia. cfdecia@motomec.com.ar or cfdecia@gmail.com

    For further information about the project and its benefits, visit www.motomecanica.com


  • 20 Jan 2020 11:53 AM | Deleted user

    Machine Vision Embedded System with a laser profiler to detect quality defects in metallic sheet

    Houston, Tx. A machine vision system with the use of a laser profiler to detect defects in metallic sheet was developed and implemented for a group of vision specialists by TESIS US.

    The system is able to detect pits (hits), islands (metal dot) and scratches in the of the minimal size of 0.02 inches with a 200 ft/min speed line, the profiler has a configuration with small exposure time to avoid noise reflection and a frame rate of 1700 Hz.

    An important challenge was reducing the noise generated by the movement of the material on the line, noise was generated by the mechanical condition of the line. With the use of software filters, we avoid the possible false positives for these circumstances.

    The application with the use of an external encoder is able to synchronize with the speed of the production line and to get the footage to indicate the position (on distance) of each defect found. This information is used after by the operator to check the specific areas where defects were found and also the info is used as part of the product traceability.

    The architecture of this design consists of a pc-embedded system, the profiler is connected directly to an industrial pc by ethernet cable transmitting all raw data information acquired. The information is processed in real-time in a system developed on Visual Studio, the result of the inspection on the case that a possible defect will be found is send to the PLC (programmable Logic Controller).

    With the implementation of this system, an important reduction in the rejected material for quality issues is reduced. Also, with this automation system, the cycle time is optimized because the human validation is not required.

    By Efrain Hernandez
    Technical Project Manager. TESIS IT & Automation

  • 20 Jan 2020 10:58 AM | Deleted user

    Ten Things to Know about an LLC

    You probably know of several businesses whose formal names end with the acronym LLC. And you probably also know that LLC stands for limited liability company. Here are 10 things you may not know.

    1.       An LLC generally protects its owners from personal liability for business obligations in much the same way a corporation does, but an LLC is not a corporate entity.

    2.       Like a corporation, an LLC can do business in multiple states, although an LLC must be organized in a specific state. Each state has its own laws governing LLCs.

    3.       The owners of an LLC are called members. There is no limit on the number of members an LLC can have, and members don't necessarily have to be individuals. Members' management roles are typically spelled out in an operating agreement.

    4.       Upon formation of an LLC, the members contribute cash, property, or services to the LLC in exchange for LLC shares or units.

    5.       An LLC may borrow money in its own name and is responsible for repayment of the debt.

    6.       An LLC is usually treated as a partnership for federal income tax purposes.

    The remaining four points assume partnership treatment for tax purposes:

    7.       Like partners, LLC members are not considered employees of the company. However, an LLC can have non-member employees.

    8.       LLC members are taxed directly on company income. The LLC itself doesn't pay federal income taxes.

    9.       If an LLC has a loss, its members generally can deduct their share of the loss on their own tax returns.

    10.   For tax purposes, an LLC's income and losses are divided among its members according to the terms of their agreement. Tax allocations must correspond to economic allocations of profit and loss.

    An LLC is but one structure you might consider using for a business venture. The input of a professional may be helpful in determining which type of arrangement will best meet your objectives.

    DISCLAIMER 
    This communication is not intended to be tax advice and should not be treated as such. Readers should contact your tax professional to discuss your specific situation. 

    Oscar Eduardo Mary is a founding member of RCBM, an international tax and business consulting firm headquartered in Buenos Aires, Argentina and with a branch office in Carrollton, Texas. RCBM assists companies that want to operate in Argentina and / or United States. You may contact him at o.mary@rcbmgroup.com


     

  • 16 Jan 2020 9:12 AM | Deleted user

    La Cámara Argentina-Texas busca ser un vehículo para agilizar las oportunidades de negocios entre ambos puntos del continente. Llevarán una misión de empresarios a la OTC en Houston. "El propósito de desarrollar vínculos entre empresas privadas,nuestro esfuerzo es permanente en cualquier condición macroeconómica", señaló Ignacio Carnicero, presidente del capítulo neuquino de la cámara.

    Estrechar vínculos entre empresarios de Neuquén y de Texas es la misión del capítulo neuquino de la Cámara de Comercio Argentina-Texas. A nivel regional, los referentes son su presidente Ignacio Carnicero y su director Mariano Hasperué. La organización es global y abarca todos los sectores, pero el fuerte es la industria hidrocarburífera. El nexo Neuquén-Texas también se puede traducir como Vaca Muerta-Permian.

    "Nuestro capítulo neuquino trabaja intensamente con una impronta hidrocarburífera muy importante. La cámara tiene como propósito fomentar los negocios entre empresas de Texas y de Argentina en múltiples rubros y actividades", señaló Carnicero, que se desempeña como contador con su propio estudio en Neuquén capital, en diálogo con +e.

    En sintonía, Hasperué indicó que la entidad es un vehículo para generar condiciones ideales que permitan el intercambio económico. "Si fuera un país, el estado de Texas es la séptima economía mundial. Texas fue pionera en el desarrollo de los hidrocarburos no convencionales. Y actualmente en el mundo hay sólo dos desarrollos comerciales del shale: uno es Estados Unidos y otro es la Argentina a través de Vaca Muerta".

    "No sólo se presentan oportunidades en la industria energética, sino también en distintas áreas como pueden ser la salud con los centros médicos bastos en Texas, la industria aeroespacial y la informática porque la Argentina es un nodo de desarrollo muy importante y también la agricultura", apuntó Hasperué, quien además de representar a la cámara tiene como actividad profesional la de abogado.

    ¿Cómo vender oportunidades de negocio con los vaivenes de la macro argentina planchada y Vaca Muerta en un clima de tensión? "Nuestra entidad tiene el propósito de desarrollar vínculos entre empresas privadas, por lo que nuestro esfuerzo es permanente en cualquier condición macroeconómica", respondió Carnicero. "Al margen de la macro, la cámara sigue apostando al intercambio comercial y de conocimiento entre el estado de Texas y la Argentina. Lógicamente, las cuestiones de la macro impactan pero queremos fortalecer una cadena de valor para que los empresarios neuquinos encuentren nuevos mercados", añadió Hasperué.

    Este 2020, la cámara tendrá mucha actividad con dos mega encuentros importantes en una punta a la otra del continente. Primero, en la ciudad de Houston será la Offshore Technology Conference (OTC), del 4 al 7 de mayo. Después, Neuquén será sede de la Argentina Oil & Gas del 9 al 11 de septiembre. La entidad comercial trabaja en la región con el Centro Pyme-ADENEU para llevar empresarios neuquinos a Houston y luego empresarios texanos a Neuquén.

    "Este año nos proponemos un workshop previo a la OTC para ayudar a las empresas neuquinas a presentarse frente a empresas americanas y tener mayor éxito en lograr los negocios que se propongan", apuntó Carnicero. Ese workshop será a mediados de marzo.

    Nota por: David Mottura - motturad@lmneuquen.com.ar
    Mas Energía


  • 19 Dec 2019 12:51 PM | Deleted user

    ATCC gathered its members to celebrate the great accomplishments reached by during 2019:


    Participating in 25 events

    End of year celebration in Houston and Neuquen

    Launching Austin Chapter

    Trade Missions to Salta and Entre Rios

    Pre-OTC Cocktail

    Oil & Gas Seminar

    Networking events

    Women @ Work: Pure Energy

    and so many more...

    It was a special night to mingle with other members and to start setting the basis for 2020! The chamber is already planning enriching activities for its members.

    ATCC took the opportunity to thank its sponsors: YPF, Mayer Brown, King & Spalding, Techint, Pan American ENERGY, Abaco. Their contribution made possible the chamber to exist.

    Finally, a special mention to the General Consulate of Argentina in Houston.


  • 18 Dec 2019 5:06 PM | Deleted user

    The Expatriation Tax (Part Three)


    Covered expatriates face the prospect of being forced to pay tax in return for being allowed to escape the U.S. tax system’s worldwide tax net. The general principles are easy to understand:

    • Pay tax as you receive income. If the IRS can rely on tax withholding rules to assure full collection of income tax, the covered expatriate pays tax at a 30% rate on U.S. source income as it is received.
    • Pay tax on everything now. If the IRS cannot be assured of timely collection of tax at the source, the usual tax fiction of a deemed sale or deemed distribution (from an IRA, for instance) forces immediate recognition and taxation of unrealized income and capital gain while the individual is still a U.S. taxpayer.

    The IRC lays this out by identifying three categories of income for which special exit tax rules have been written. Everything else is subjected to a mark-to-market system that causes a deemed sale of assets at fair market value.

    Specified Tax-Deferred Accounts Specified tax-deferred accounts are things like IRAs or Health Savings Accounts: tax-advantaged creatures of congressional creation.

    If the covered expatriate has any of these accounts, he or she is deemed to have received a full distribution on the day before expatriation. Early distribution penalties are not applied.

    Deferred Compensation Deferred compensation means pensions as well as other deferred compensation arrangements. If the covered expatriate has any of these, expatriation will trigger tax liability.

    Some deferred compensation arrangements are taxed on a “pay as you go” arrangement. As the covered expatriate receives distributions, tax is withheld. These are “eligible” deferred compensation arrangements. “Eligible” deferred compensation plans are those where the payor is a U.S. person.

    There is a simple reason why the government is willing to collect 30% as benefits are paid. A U.S. plan administrator means that there is a U.S. withholding agent. If a withholding agent mistakenly does not withhold tax, it is personally liable to the IRS for the tax that should have been withheld, but was not. The government cannot lose: Tax will be collected from the taxpayer (if withholding is done correctly) or from the U.S. pension plan administrator (if tax withholding is done incorrectly).

    “Ineligible” deferred compensation arrangements are those where the payor is not a U.S. person. A foreign pension plan is a simple example of this. Now, the IRS cannot rely on a withholding agent to act, in effect, as a guarantor of tax payments.

    A foreign pension plan administrator, making a pension distribution to a foreign person (the covered expatriate) might not feel any particular compunction to satisfy an IRS request for tax withholding compliance. For ineligible deferred compensation arrangements, a covered expatriate is treated as having received a lump sum distribution on the day before expatriation equal to the present value of the accrued plan benefits.

    Covered expatriates who are beneficiaries of non-grantor trusts must pay 30% tax on the taxable portion of trust distributions they receive.

    Everything that falls outside of those three special categories will be taxed according to mark-to-market principles. All assets are deemed sold on the day before expatriation, at fair market value. Capital gain or loss is computed in the normal way. An exemption amount ($699,000 for expatriations in 2017; this amount is indexed for inflation) is applied, and any net capital gain above the exemption amount is taxed using the usual capital gain tax rates.

    Predictably, the exit tax rules have spawned special-purpose tax forms.

    • Form 8854. Form 8854 is the main tax form. This form is due on the normal income tax filing deadline for the year of expatriation. Both covered and noncovered expatriates file this form. It captures all of the information that the IRS needs to determine whether the taxpayer is a covered expatriate or not. For covered expatriates, it provides the details of the taxable income triggered by the event of expatriation, and where that income is reflected on the income tax return.
    • Form W-8CE. A special member of the W-8 family exists, just for covered expatriates. The covered expatriate gives this form to retirement plan administrators, pension and deferred compensation plan administrators, and trustees of nongrantor trusts where the covered expatriate is a beneficiary. This notifies the payor of taxable income of the recipient’s covered expatriate status, so the correct tax withholding can be applied. The recipient is also required to provide specified information to assist the covered expatriate’s calculation of the exit tax. For instance, an IRA custodian must report the value of an IRA on the day before expatriation, so the covered expatriate can treat that amount as a deemed distribution prior to expatriation.
    • Form 708. This form has not yet been published. Form 708 will be filed by recipients of gifts or bequests from a covered expatriate. The recipients pay tax at the highest gift tax rate on amounts received from covered expatriates. There are only a few exceptions. Proposed Regulations have been published to interpret and implement IRC section 2801, which imposes this tax.

    DISCLAIMER

    This communication is not intended to be tax advice and should not be treated as such. Readers should contact your tax professional to discuss your specific situation.

    DISCLAIMER 
    This communication is not intended to be tax advice and should not be treated as such. Readers should contact your tax professional to discuss your specific situation. 

    Oscar Eduardo Mary is a founding member of RCBM, an international tax and business consulting firm headquartered in Buenos Aires, Argentina and with a branch office in Carrollton, Texas. RCBM assists companies that want to operate in Argentina and / or United States. You may contact him at o.mary@rcbmgroup.com 


  • 18 Dec 2019 4:04 PM | Deleted user

    Building Toward Success


    As someone who came 11 years ago to the US to start a new life, Alejandro Juranovic knows what a challenge that can be. Today, having done well for himself, he likes nothing more than helping fellow Argentines who are embarking on the same journey.

    When I got here, I hardly knew anyone, so I had to learn a lot of things on my own. And I barely spoke English” he says. “Now I like to take the time to help others who are going through the same experience I did.”

    Like many newcomers to the US Juranovic arrived planning on doing one thing and ended up doing something entirely different. After completing his degree in Industrial Engineering in Argentina, he came to Houston to do a master’s degree in Geophysics and establish the US office for his father’s geophysical services company back in Buenos Aires.

    In an interview, Juranovic comes across as an energetic and outgoing person, so it’s not hard to imagine how he managed to begin networking and figuring out how to get a business off the ground in the US. He credits several people, including fellow ATCC member Alejandro Haiek, in giving him a hand in getting started.

    Coming from a country where the business is done based on family ties or long-term relationships, Juranovic acknowledges that he was initially wary about doing business with people he didn’t know well.

    In Argentina, I knew people I could trust. Here I had to look for them,” states. And with time, he found them, though he admits there were a few relationships that didn’t turn as well as he would have liked.

    By 2014, things were looking up. The family company, DataSeismic Geophysical Services, had gained a foothold in the US. With oil prices above $100 the company’s business – like many other companies in the Oil & Gas sector – was growing, but when oil prices nosedived at the end of 2014, business dried up.

    That’s when Juranovic and his wife, Solange Mariani, saw a new opportunity and decided to go in a different direction.

    One of the things I began noticing after I got here is that Houston is actually a pretty underdeveloped city, compared to a city like Buenos Aires,” Juranovic says, clarifying that by “underdeveloped” he means there is a lot of open lands to build on. “In Buenos Aires, it’s rare to find an empty lot, while here there are plenty.

    Juranovic also knew that back in Argentina, many people are looking for opportunities to lower their exposure to the country’s economic volatility by investing abroad, and for many Argentines, the best place to spend is in los ladrillos (the bricks), meaning real estate.

    Those two observations led the young couple to start a real estate company, J&A Developments, focused on building townhouses in Houston and obtaining financing from investors back in Argentina. In true Argentine fashion, their initial investors were family and close friends but have shown they can produce results their pool of investors has grown.

    Their latest project is a townhouse project with 24 units in the Third Ward part of Houston, just in front of Midtown. 

    After more than a decade in Houston, and having founded a successful business, Juranovic says, “sometimes you forget how difficult things were when you started out.” But through his efforts to help others who are now in the same position he was when he started out, he is reminded of how daunting the challenge can appear to newcomers.

    The key, he tells them, is “to build the kind of relationships that are there when you need them.

    Sound advice, to be sure, but talking to Juranovic is a good reminder that it takes more than good relationships to succeed. Perseverance, the capacity to spot opportunities, and the willingness to take the risk to pursue are perhaps even more critical.


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ABOUT

The Argentina Texas Chamber of Commerce is the primary advocate of Argentina and Texas business communities and is dedicated to building economic prosperity for both Countries. The Chamber of Commerce is a member-driven organization.

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Phone:  +1 (713) 969-5036

Fax: +1 (713) 966-6125

info@argentinatexas.org

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