I've heard that the Mexican government is considering moving to a flat tax and that this could result in US companies losing the deductibility of the taxes they pay in Mexico from their US corporate income tax. Is this true and if so when is it likely to take place?
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Taxation
There has been a lot of talk about the new flat tax. It is all still up in the air at this point, but the best explanation I've seen yet is on the Deloitte and Touche website.
Aaron