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As part of a multidisciplinary strategy by Mexico’s Central Bank (Banxico) and Ministry of Finance and Public Credit (SHCP) to stimulate the nation’s financial sector, a presidential decree on January 8 introduced several new tax incentives.

The US, Mexico and Canada have signed a new modernised trade agreement (USMCA) to replace the North American Free Trade Agreement (NAFTA). Oscar López Velarde and Daniela Iñigo Arroyo of Ritch, Mueller, Heather & Nicolau discuss the key highlights.

The rate of change in the tax regulatory environment in recent years has been rapid, arguably more so than at any other time in recent history. Heads of tax are competing with colleagues in other functions for a share of finite budgets. The challenge is to show value for money, writes Sandy Markwick, head of the Tax Director Network at Winmark.

A well-constructed and executed global operational transfer pricing (OTP) framework is essential to properly manage financial statements, taxes and reputational risk for multinational enterprises (MNEs), writes Richard Goldberg, former tax director at Mitsubishi Financial Group.

Mexico’s northern border has always been a contentious zone given its proximity to the world’s largest consumer market: the US. Roberto Padilla Ordaz and Jorge Ramón Galland Ríos of Chevez Ruiz Zamarripa outline the latest taxpayer incentives introduced in the region.

Businesses shouldn’t think about compliance with EU digital tax proposals, but instead influence the conversation and ensure governments aren’t hitting them by accident, say tax executives, advisors and lobby groups.

Mexican tax authorities are still yet to issue specific regulation surrounding crowdfunding activities, and with new a law addressing the financial technology sector at large, questions still remain surrounding the popular capital raising vehicle.

Financial institutions are feeling the pressure of laying the groundwork for the reporting requirements of the EU’s mandatory disclosure rules (DAC6) as they take on a more vital role in tax planning and transparency.

Tax directors examining tax technology opportunities know that regulating internal data and establishing a global reporting standard is a must when it comes to the successful cross-border adoption of any digital platform. Blockchain is no different.

A new ‘profit diversion compliance facility’ (PDCF) announced by the UK tax authority aims to encourage companies to bring their transfer pricing (TP) arrangements in line with HMRC’s interpretation of the arm’s-length principle, writes Ben Regan, transfer pricing partner at EY.