Carta Sec Gral ICC Videgaray.pdf

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The Secretary General By e-mail and by hand Dr Luis Videgaray Caso Honorable Minister of Finance Government of Mexico Mexico City 10 October 2013 Subject: Global business concerns regarding proposed tax reform Your Excellency, I am writing to convey the concerns of the global business community, as represented by the International Chamber of Commerce (ICC), about the impact on the Mexican and global business environments of the proposed tax bill presented to the Mexican Congress on 8 Septembe
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    The Secretary General By e-mail and by hand  Dr Luis Videgaray CasoHonorable Minister of FinanceGovernment of MexicoMexico City10 October 2013 Subject: Global business concerns regarding proposed tax reform Your Excellency,I am writing to convey the concerns of the global business community, asrepresented by the International Chamber of Commerce (ICC), about the impact on theMexican and global business environments of the proposed tax bill presented to theMexican Congress on 8 September 2013.The International Chamber of Commerce (ICC) is the world businessorganization, a representative body which speaks with authority on behalf ofenterprises from all sectors in every part of the world. ICC’s purpose is to promoteinternational trade, investment, and the market economy system. In the field ofinternational taxation, ICC seeks to promote transparent treatment of foreigninvestment and earnings that eliminates tax obstacles to cross-border businesstransactions. ICC was founded in 1919. Today it groups over 6.5 million companiesand associations from over 130 countries, including a very active membership inMexico.ICC considers that in today’s increasingly integrated world economy, it is all themore important to minimize conflicts created by different domestic tax systems andtheir impact on international business. For this reason, ICC is worried that the currenttax reform proposals would adversely affect Mexico’s economic prospects and inparticular domestic and multinational companies with major investments in Mexico. Weare also concerned that in addition to their negative impact on Mexico’s economicclimate, these proposed measures will send a negative signal to other countries withrespect to tax policy options and their impact on business.…/…    The Secretary General We understand that some of these provisions are intended to protect against theerosion of the Mexican tax base. However, we are also aware that the OECD isundertaking work in this area, including a review from a global perspective of domesticmeasures to prevent abuse and double taxation and promote competitiveness.In light of this ongoing work, we would like to suggest that some of these measurescould be postponed to allow for solutions that take better account of the needs ofdomestic and international investors.ICC would be pleased to have a dialogue with you on balancing Mexico’sfinancial requirements with the need to encourage investment by both domestic andforeign investors. Stable and predictable tax laws can play a major role in ensuringMexico’s continued economic success through policies that support open trade andinvestment.We hope to be able to work together on finding solutions that maintain Mexico’sattractive climate for investment, for the benefit of the Mexican and global economies.Thank you in advance for your kind attention.Yours sincerely,Jean Guy Carrier
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