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  • US$410 million to be invested in Chihuahua, generating 5,500 jobs
  • Mexico enjoys international investors’ confidence
  • Senior Operations will grow in Saltillo
  • Quimmco invests in auto parts development
  • Sanmina will invest US$27 million
  • Aeromexico, Interjet and Volaris receive supplies from Leon
  • Chihuahua looking in Canada for aerospace investment.
  • Aerospace companies will invest in Mexico
  • Aerospace cluster strengthened by the execution of the Mexico-France Agreement
  • Penjamo wants to enter into the industrial activity with a new park
  • Eight companies from India will invest in Jalisco
  • ZKW breaks ground in Guanajuato Inland Port
  • The Government will invest US$909.10 million in the Merchant Marine for the energy boom
  • Audi inaugurates Specialization Center in Puebla
  • Halla Visteon Climate Control expands its operations in Chihuahua
  • Aeromar Carga expands its terminal in Mexico City International Airport
  • Volvo and Scania analyzing investing in Durango
  • Cisco will strengthen investment in domestic manufacturing
  • Artecola kicks-off operations in Leon, Guanajuato
  • Chinese companies will invest in Mexico
  • 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