Business

Pressure and tax uncertainty causes doubt over México as a destination for investment

The approval of the IVA (taxes) to 16% in border strips has come to affect family economy,

Jean-Baptiste Colbert, politician and French Minister of finance in the XVII century, clearly defined "The art of taxation consists in so plucking the goose as to get the most feathers with the least hissing.", but the reform Finance of Enrique Peña Nieto has left naked cold goose. The approval of the IVA (taxes) to 16% in border strips has come to affect family economy, encourage capital flight and businesses bankruptcy, while the collection of IVA on temporary imports in manufacturing, Maquiladora and export services (IMMEX) will come to affect the competitiveness of the sector, business confidence, the attraction of foreign investment, and, in general, trade, provided 67.1% to the gross domestic product (GDP) of the country.

As we all know, the collective strike is a constitutional control the border region's citizens took advantage of to reverse the VAT increase's approval.

Dr. Adolfo Solís, lawyer tax advisor, responsible for representing Baja California in the collective amparo convened by the business Coordinating Council against the approval of the IVA, reports that... Continue reading article here

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