Enron Mail

From:jeff.blumenthal@enron.com
To:carol.clair@enron.com
Subject:Re: Online Issues - Mexico
Cc:mark.taylor@enron.com, sara.shackleton@enron.com, stephen.douglas@enron.com,jaime.williams@enron.com, mario.cardoso@enron.com
Bcc:mark.taylor@enron.com, sara.shackleton@enron.com, stephen.douglas@enron.com,jaime.williams@enron.com, mario.cardoso@enron.com
Date:Tue, 20 Jun 2000 04:53:00 -0700 (PDT)

Carol,

I've been working with Jaime Williams and our outside tax advisors to
determine the Mexican tax consequences applicable to those products that
Jaime has informed me will be offered to Mexican counterparties through
EnronOnLine and, potentially, a separate ENA Mexican entity. I should be
able to provide the results by Friday or Monday. Please contact me at ext.
35777 if you'd like to discuss in the meantime.

Best regards,

Jeff


Carol St Clair 06/20/2000 11:15 AM

To: Jeff Blumenthal/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
Subject: Online Issues - Mexico

Jeff:
As I think you are aware, the Meixco and online group want to implement
online trading for Mexican counterparties. Are there any tax issues taht we
should be aware of? If we conduct online trades using ENA and telephone
trades with an Enron Mexican entity, will the exercise of setoff rights
create any tax issues? My understanding is that the Enron counterparty will
be ENA.
Carol