Mexico Tax, Law and Business Briefing New Edition

Concord, MA -- January 30 -- WorldTrade Executive, Inc. announces the publication of the newly-updated 2008 edition of MEXICO TAX, LAW AND BUSINESS BRIEFING. The 512 page report details important changes in Mexico's tax and finance laws, as well as new case studies and analysis from leading practitioners.

One of the hot issues is Mexico’s new flat tax (IETU tax), which became effective on January 1, 2008. One of the key issues is whether the new tax will be creditable in other countries. For example, the US IRS has issued Notice 2008-3, in which it said that it had not determined whether the IETU is qualified as an income tax under Article 24(1) of the US-Mexico Tax Treaty and is thus creditable, and that the agency was going to study the new tax in order to make a determination. In the meanwhile, the IRS agreed that the tax would be creditable while the IRS undertakes its study.

The Mexican government has reached an agreement with various other countries with respect to whether or not the IETU will be creditable, including: the United Kingdom, Italy, India, South Africa and the Bahamas.

The Briefing also discusses determinations made by the Canadian tax authority as to whether the new Mexican flat tax will be recognized as an "income tax" for the purposes of the Canadian foreign tax credit.

Other coverage in the Briefing includes:

--Details on Mexico's New Flat Tax
--Mexico Tax Amendments for 2008
--FIN 48 for Operations in Mexico
--Tax Considerations for Doing Business in Mexico
--Transfer Pricing Rules in Mexico
--Mexican Thin Capitalization Rules
--A Private Equity Investor Primer on Mexican Grupos
--Foreign Investment Mechanisms
--Intellectual Property Issues
--Labor Regulation
--Issues Involving Foreign Investors Buying Mexican Real Estate

Contributors to the book include members of many of the leading law and accounting firms and senior executives operating in the region.

WorldTrade Executive, Inc. also publishes the authoritative Latin American Law & Business Report and Practical Mexican Tax Strategies and Practical Latin American Tax Strategies.

More information on MEXICO TAX, LAW AND BUSINESS BRIEFING is available at http://www.wtexecutive.com or by contacting Jay Stanley at WorldTrade Executive, Inc. 978-287-0302, or at 2250 Main St., Concord, MA. 01742. USA.

Contact: Jay Stanley at WorldTrade Executive, Inc. 978-287-0302

SOURCE: WorldTrade Executive, Inc.

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