New Mexican Tax Reform: Cross Border Tax Ramifications

Planning and Compliance Strategies for Consolidated Group Recapture Items and Rate Increases

Recording of a 110-minute CPE/CLE webinar with Q&A


Conducted on Thursday, February 4, 2010

Recorded event now available

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Program Materials

This CLE webinar will update U.S. corporate tax professionals on the meaningful aspects of the latest Mexican tax reform legislation. The panel will provide the tools to ensure accurate compliance and minimize tax liability through effective planning.

Description

The federal tax reform bill approved by the Mexican Congress in November has huge implications for U.S. companies with tax obligations in Mexico. Most significantly, new rules require recapture of consolidated group items such as intra-group dividends and separate company losses after five years.

That complex policy could force U.S. multinationals to incur significant and unexpected tax liabilities starting in 2010. They also face a corporate tax rate increase, repeal of the Mexican R&D credit, higher marginal individual income tax rates, and higher taxes on telecom and cash deposits.

Corporate tax specialists for U.S. companies must stay current on how the latest tax reform in Mexico, and upcoming regulations, affect the cost of doing business there through corporations and partnerships, branch offices and maquiladora plants.

Listen as our panel of experienced tax counsel and CPAs analyzes and explains all of the most recent, relevant developments in corporate taxes for doing business in Mexico.

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Outline

  1. Terms of 2009 Mexican tax reform legislation
    1. Corporate income tax rate increase in 2010-2012, followed by rollback
    2. Increase and rollback in highest marginal individual income tax rates
    3. Repeal of R&D tax credit as of 2010
    4. Increase in tax rate on cash deposits
    5. Expansion of excise tax base to cover certain telecom charges
    6. Recapture of certain corporate consolidated group items after five-year period
  2. Ongoing tax issues for multi-national corporations
    1. IETU and eligibility for U.S. foreign tax credit
    2. Issues for maquiladoras and U.S. manufacturers
    3. Transfer pricing issues in Mexico
  3. Tax planning issues to consider as a result of latest tax reform

Benefits

The panel will discuss possible alternatives in response to key aspects of the Mexican tax reform including:

  • Recapture of consolidated group items: What adjustments will be necessary in your tax planning?
  • Increased corporate tax rate: How much will your company's total tax obligation increase until the rate hike is scaled back?
  • Repeal of the research credit: What other incentives remain for your company's qualifying research?
  • Rate or base increases in marginal individual, cash deposit and telecom taxes: Will these changes affect your company?

Faculty

Diana Davis
Diana Davis

Of Counsel
Greenberg Traurig

She works with international clients on U.S. corporate tax matters, international acquisitions and reorganizations,...  |  Read More

Manuel Rajunov-Tawil
Manuel Rajunov-Tawil

Partner
Thompson & Knight

He focuses on international tax matters related to business expansions and M&A. He represents foreign investors...  |  Read More

Agustin Mercado
Agustin Mercado
Partner, International Tax Services, Mexican Desk
PricewaterhouseCoopers

He has more than 20 years of experience in consulting with and tax planning for companies in Mexico and abroad. He now...  |  Read More

Mario Alberto Gutierrez
Mario Alberto Gutierrez
Manager, International Tax Services, Mexican Desk
PricewaterhouseCoopers

He joined the firm in 2005 and since has participated in diverse projects for U.S. and European clients, including...  |  Read More

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Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

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