Photo credit: World Innovation Summit for Education – Qatar by Larry Johnson
Mexican Government has just approved Treaties for Preventing Double Taxation and Tax Evasion with Latvia, Qatar and Hong Kong. Approvals were published on January 29 at the Federal Official Gazette. The main purpose of these Treaties for authorities is obvious: They prevent that people or companies avoid paying taxes from sources of income located abroad.
As Mexico is increasing its network of countries with which has executed free trade agreements, also has increased tax treaties to make them work fine. It is not only necessary to allow companies to make money with investments abroad, but to get tax earnings from that.
Not everything will be collection. An integral tax amendment has been promised by the Ministry of Finance and the Congressmen to reduce tax red-tape and to control better the government spending in overhead. On the other side, big budget infrastructure projects are promised to come during next 6 years in gas, telecom, railroad and other communications.
Investment is calling, many are ready to answer. Are you?