Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

February 22, 2021
2021-5211

Thursday, 25 February 2021| BorderCrossings . . . US–Mexico transfer pricing controversy update (1 pm ET)

A special event co-sponsored by EY and Consejo Nacional de la Industria Maquiladora y Manufacturera de Exportación (INDEX)

The integration of the US and Mexican economies under the North American Free Trade Agreement (NAFTA) has made transfer pricing controversy and dispute resolution a significant issue. Multinationals operating in Mexico, even those under the maquiladora regime, face transfer pricing uncertainty. With the outbreak of COVID-19, the uncertainty and significance of transfer pricing issues have only increased.

Please join panelists from EY, INDEX and the IRS as they discuss a recent agreement between the US and Mexico on arm’s-length remuneration under a Qualified Maquiladora Approach. Other topics to be covered include:

  • Maquiladora regime
  • COVID impact on maquiladoras and intercompany transactions
  • US–Mexico competent authority
    • Advance Pricing Agreements
    • Mutual Agreement Procedures (MAPs)
    • Timing
    • Access to MAP

We hope you join us and our distinguished guests for this important webcast.

Date: Thursday, 25 February 2021

Time: 1:00–2:15 p.m. EST New York/Toronto; 12:00–1:15 p.m. CST Houston/Mexico City; 10:00–11:15 a.m. PST Los Angeles/Vancouver

Registration: Register for this event.

Panelists

  • Óscar Mata, Head of Tax Working Group, INDEX

  • John C. C. Hughes, Director, Advance Pricing and Mutual Agreement Program, IRS

  • Enrique Gonzalez Cruz, Partner, International Tax and Transaction Services – Transfer Pricing, Ernst & Young LLP

  • Thomas Ralph, Managing Director, International Tax and Transaction Services – Transfer Pricing, Ernst & Young LLP

Moderator

  • Mike McDonald, Managing Director, International Tax and Transaction Services – Transfer Pricing, Ernst & Young LLP

CPE credit offered: 1.4. Recommended field of study: Taxes. Learning objective: Understand the significant recent US-Mexico transfer pricing and dispute resolution developments and issues impacting multinational businesses. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

Learn about and register for EY's Global webcasts

You can learn about and register for any EY Global webcast here.

 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 2024, Ernst & Young LLP.

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

 

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

 

Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct