2010 Mexican Tax Reform:  Opportunities and Challenges for US Multinationals

Hosted by PricewaterhouseCoopers' International Tax Practice
Monday December 7, 2009
1:00 - 3:00PM ET (US)

The Mexican Congress recently approved a significant tax reform bill for 2010.   A critical element of this reform bill relates to new rules that modify the Mexican tax consolidation regime to require the recapture of certain consolidated group items (e.g., intra-group dividends, separate company tax losses) after a 5-year period, potentially triggering significant unexpected liabilities as of December 31, 2009.  With the enactment of the new law expected soon, there are many questions concerning its potential impact on multinationals operating in Mexico.  The rules are complex and the financial statement impact may be significant.

Our webcast, which will feature PricewaterhouseCoopers speakers from the U.S. and Mexico, is designed to help multinationals navigate the new rules, identify the most relevant items requiring immediate/short-term action, and develop a longer-term tax technical and financial reporting understanding.

Our agenda will include:
A high-level summary of the most relevant 2010 Mexican tax reform rules for multinationals.
A discussion of the pre and post-reform tax consolidation rules, and how the new rules may trigger certain consolidated group items in 2009 and future years.
An assessment of the FAS 109 and FIN 48 impacts of the new law.
A discussion of US tax considerations and planning opportunities relating to the new consolidation rules and their potential impact on foreign tax credit pools
Consideration of potential year-end and longer-term planning opportunities.