Micro- here is another area of the mining law that

Micro- here is another area of the mining law that was being misrepresented by you know who. He stated that profits would be small due to the high tax rates on profits. He had stated that on top of the 34% tax paid to the government that an additional dividend had to be paid and taxed. that is not what the law says at all. Here is what the law actually says.

5.1. Income tax

All residents of Mexico and Mexican corporations must pay income tax, until the end of 1998 at a rate of 34% on profits (total income less allowed deductions). As a result of the severe drop in oil prices during that year, and since oil revenues represent a major source of income to the Mexican government, due to budgetary considerations that rate was increased to 35% in 1999, with some adjustments making the effective rate somewhat lower. Again up to the end of 1998, dividends paid from profits that had already been taxed at the corporate level were no taxable. Starting in 1999, a withholding tax with an effective rate of 7.6925% was imposed on dividends paid to Mexican individuals and to all foreigners.

As you can see, there is no requirement to pay dividends at all. If they are paid the tax that said needed to be paid by the company is actually a withholding from paid dividends.  

Again if you have already posted this I didn't see it.