Impact of Mexico tax reform on multinationals with operations in Mexico

Companies with operations in Mexico face significant year-end tax decisions that are being driven by major proposed tax and transfer pricing reforms, tax rate increases and treaty changes. Among the many changes, Mexico is proposing complicated and controversial adjustments to the consolidation regime. Under the new approach, the benefits of consolidation would be reduced to a five year deferral of tax cost. The proposed reform applies not only to income and transactions incurred after the law is passed, but also to transactions that occurred prior to the law being enacted. One thing seems to be certain, unlike 2008, when there were no real amendments to the tax law, 2009 will see a tax reform having a considerable impact on taxpayers in Mexico and abroad.

You are cordially invited to join a live Thought Center webcast to learn more about the magnitude of the consolidation recapture and other legislative changes and the potential impact they will have on your Mexico operations. We will also discuss recent amendments to key treaties available for tax free reorganizations and help you identify action steps to take before end of year.

This webcast is designed for Directors of Tax, Directors of International Tax, International Tax, Vice Presidents of Tax and Finance, Chief Financial Officers and Tax Analysts. You will have the opportunity to ask questions through the website and panelists will answer as many of your questions as time permits.

Featured panelists
Manuel F. Solano, Ernst & Young LLP, Director, ITS Latin America, New York and Mexico City
Alberto Lopez, Ernst & Young LLP, National Tax, Director of the Latin America Business Center, New York
Terri Grosselin, Ernst & Young LLP, Executive Director, Latin America Business Center, Miami

Moderator
Scott B. Hill, Ernst & Young LLP, Americas Director of International Tax Services, New York