Corporate Tax

Mexico Might Rise $ 1.5 Billion With a Minimal International Company Tax of 15% – Deputy Treasury Secretary | WKZO | All the pieces Kalamazoo

By Ana Isabel Martinez

MEXICO CITY (Reuters) – Mexico could generate around $ 1.5 billion in revenue if a global minimum corporate tax goes into effect, a senior Treasury official said Thursday as governments around the world announced a revision of the Negotiate the system.

After two days, most of the countries participating in the talks hosted by the Organization for Economic Co-operation and Development (OECD) supported plans for new corporate tax rules and a tax rate of at least 15%.

Mexico’s Deputy Finance Minister Gabriel Yorio said in a post on Twitter that the country could raise at least 30 billion pesos ($ 1.5 billion). He did not give the time frame.

The group of seven advanced economies agreed in June on a minimum tax rate of at least 15%. The broader agreement will be presented to the Group of Twenty Great Economies for political approval at a meeting in Venice next week.

Last month, the Mexican government said it supports the initiative – Yorio repeated that position on Thursday on Twitter – adding that the overarching goal is to promote stable and fair tax systems.

($ 1 = 19.9890 Mexican Pesos)

(Reporting by Ana Isabel Martinez; writing by Stefanie Eschenbacher; editing by Bill Berkrot)

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