Growth by Maquiladora industry slowing down
Guadalajara, Mexico.- Due to what they consider fiscal uncertainty, maquiladora and export manufacturing companies have limited their growth, staying within 8% to 15%.
Luis Aguirre Lang, Chairman, National Council of Maquiladora and Export Manufacturing Industry, Consejo Nacional de la Industria Maquiladora y Manufacturera de Exportacion (Index), said that if operations rules were clearer, companies in the sector could attract up to 50% more investment and be more competitive.
“What we at maquiladora industry are asking is that what we have now as a decree be enacted as a law, to have a chapter speaking about fiscal regulations for maquiladora industry in the Income Tax Act and Flat Tax Act”, he said.
According to a study prepared by KPMG, Mexico is the country with the most expensive fiscal regime for maquiladora industry when compared to other emerging countries such as China, Brazil, Costa Rica, South Korea and Thailand.
Source: El Norte | Date: 07/06/2012