Luis Ramirez, Principal
ASL International Group
U.S. taxpayers with maquiladora operations in Mexico won’t be exposed to double taxation if they enter into a unilateral advance pricing agreement (APA) with Mexico’s tax agency under terms that were negotiated by the U.S. and Mexico.
The companies would have to reach the agreements with the Large Taxpayer Division of Mexico’s tax agency, the Servicio de Administración Tributaria (SAT). (more…)
U.S. Treasury Secretary Jacob Lew has objected to the European Commission (EC) on the use of European Union (EU) state aid investigations as a way to retroactively tax earnings that rightfully belong to the United States.
Lew made the objections in a letter sent to EC President Jean-Claude Juncker. Commission spokesman Ricardo Cardoso denied any bias against U.S. multinational enterprises (MNEs), saying that EU law applies to all companies doing business in the EU. The letter came after a Treasury aide met with EU officials about the U.S. concerns. (more…)
