Login to Digital Content
User:
Pass:
 
Last News
  • OMA will invest US$26.5 million in the new Acapulco terminal
  • Audi, BMW and Mercedes looking for suppliers in Mexico
  • Auto parts company starts operations in Parral
  • Cesar Duarte will travel to China to “secure” assembly plant
  • Guanajuato Inland Port grows with new tenants
  • A new Hyundai plant may be installed in Nuevo Leon
  • Aeromexico and Mexico City Government inaugurate the first "CDMX" airplane to promote tourism
  • Jalisco attracts German investment in the automotive and aerospace industries
  • Kostal Group will build a second plant
  • The Minister of the Economy inaugurated 2 new plants in Bafar Complex
  • Amistad Welcomes Mahle and TitanX
  • Zacatecas, with everything to have an Automotive Cluster
  • Collaboration Agreement entered by the SLP Government and the company BMW, S.A. de C.V.
  • The Mexican and German Ministers of Foreign Affairs inaugurated an industrial plant in Mexico
  • Nemak will invest US$200 million in two plants
  • Embraer will make airplane interiors in Chihuahua
  • Dishon will join the aerospace sector in Queretaro
  • SLP delivers land to BMW for the new plant
  • Nemak will build two factories in Mexico
  • Toyota Mexico will manufacture a new car with US$100 million
  • Maquilas pay more taxes in Mexico

    Mexico City— The Mexican Council of Maquiladora and Export Manufacturing Industry, Consejo Nacional de la Industria Maquiladora y Manufacturera de Exportación (Index) demanded from Mexican fiscal authorities changes in this subject to provide foreign investment with certainty and make this activity more profitable when compared to countries such as China, Brazil, Thailand and South Korea. KPMG Consultants Firm prepared a Total Taxes Index, taking as basis Mexico, assigning it 100 points; from such baseline, it turns out that Costa Rica has 94 points, Brazil 42, China 38, Thailand 29 and South Korea 26 points, which means that all these countries have a competitive fiscal advantage over Mexico. According to Luis Aguirre Lang, INDEX Chairman, this situation arises from the fact that those countries provide fiscal certainty in the medium and long terms, while in Mexico fiscal provisions change every year, which “scares away investors” even if Export Maquiladora Regime is attractive.
    Source: El Diario | Date: 23/05/2012