BEPS: implications and challenges in Mexico
The Base Erosion and Profit Shifting (BEPS) Package introduced by the OECD proposes a series of measures to member countries aimed at combating international tax avoidance. Mexico, as a member country, has implemented it by undertaking several actions in this regard.
Santiago Chacón, a partner in Garrigues’ tax practice in Mexico City, took part on September 7 in a talk entitled BEPS: implications and challenges, which was held at the NH Collection Hotel in Mexico City.
The talk, which was aimed at professionals in the tax field and personnel in corporate (mainly multinational) tax and legal departments, offered an excellent opportunity to continue to introduce Garrigues’ tax department to the myriad companies present in the country, while also providing a platform for active collaboration with other professionals from other professional services firms.
Other speakers were Koen van´t Hek (lead partner of International Tax Services at E&Y in Mexico), Manuel Tron (founding partner of Manuel Tron, S.C. and Honorary Chairman of IFA), Alejandro H. Calderón Aguilera (partner of the firm Calderón, González y Carvajal, S.C., Asesores Fiscales), Javier Díaz León (International Tax Services partner at E&Y in Mexico), José I. Pizarro-Suárez Villalobos (International Tax Services partner at E&Y in Mexico), Carlos Pérez Gómez Serrano (central administrator of Transfer Pricing Audits at the Tax Administration Service) and José Luis Velasco Verdugo (central administrator of Transfer Pricing Strategy Development at the Tax Administration Service).
The experts who spoke at the session analyzed the BEPS project as a whole and its revitalizing effect on the international tax system. Given its relevance, the analysis largely centered on breaking down the contents of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (known as the “Multilateral Instrument” or “MLI”) and the effects thereof on double tax treaties.