“Mexico Lowers Tax Rate on IPO Gains and Some Foreign Withholding”
The Mexican government has issued a decree lowering the income tax rate on profits for shares sold in initial public offerings from 30 percent to 10 percent.
…Mario Barrera, a tax lawyer with Thompson & Knight LLP, said the lower tax on IPOs will further the government’s goal of helping companies secure funding. “However, other issues need to be weighed before an IPO is executed,” he said. “So I guess there will be more IPOs, but not exponentially.”