Mexico Metropolis. Mexico should be aggressive in tax issues within the face of potential modifications that Donald Trump may make if he wins the presidency of the USA, since this can permit new investments to succeed in Mexican territory, mentioned the Employers’ Confederation of the Mexican Republic (Coparmex).
Given the chance that the previous US president wins the elections subsequent November and makes his proposal to cut back company taxes from 21 to fifteen % a actuality, José Medina Mora Icaza thought of that the nation should be ready irrespective of who wins the presidential elections within the neighboring nation.
In response to specialists, a change of this nature would have an effect on the arrival of international capital into the nation.
He commented that the modifications applied by whoever is in workplace as President of the USA could have repercussions, not just for Mexico however for a lot of nations.
“Particularly, the truth that company taxes have been lowered actually impacts the nation’s competitiveness as a result of every firm will do the mathematics and calculate the place it’s best to make these investments,” he mentioned.
He famous that it’s a indisputable fact that relocation is attracting funding to North America, but when Mexico needs to draw a few of that capital, it should be aggressive in fiscal issues.
He commented that if this tax change is applied in the USA, it is going to be a variable that should be thought of in Mexican territory.
“If there have been a tax change in the USA, Mexico would even have to judge what place it could take to keep up its competitiveness,” he mentioned, earlier than recalling that the neighboring nation to the north has acknowledged that it wants its buying and selling companions.
He famous that along with the variable of competitiveness, different variables should be corrected in order that investments can attain Mexican territory.
He recalled the uncertainty surrounding the constitutional reform of the Judiciary, which includes the election of judges.
He added that different components that “scale back the opportunity of attracting recent investments” are the dearth of vitality, water, and safety.
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– 2024-07-26 10:39:34
