Magis Global –


March 20, 2014

Fund Reform

Category: General – Tags: , – Joan – 11:12 am

Economic growth is in jeopardy in Mexico 5 November 2009 for those who thought that the main problems for the Mexican economy were reduced to the fall in exports towards the United States, I think that they have been short. The fiscal problems that were aggravated by the crisis threaten the credit rating of the country, a risk that may bring several negative consequences. A few days ago, Mexico approved the tax reform which seeks to recompose the fiscal situation. After arduous discussions, was passed the revenue Act 2010 it includes tax hikes, but that he left dissatisfied all actors in political, by what has been left open the possibility of advancing in a fiscal reform deep. The main tax changes introduced with the revenue Act include increases in the tax rates on income (ISR) which went from 28% to 30% and the increase in the the value added tax (VAT) which went from 15% to 16%.

These two modifications in taxes are that will have greatest impact on the population. The tax reform does not solve fiscal problems of Fund, but the opposite threat with aggravate them. The leader of the PRI, Beatriz Paredes said in this regard: there is a level of very big evasion, and the insert in the dynamic tax number of people is very small, with large segments in the informal economy. To make matters worse, the reform has failed to reduce dependence on the Treasury from oil revenues, which are estimated, will represent 34.5% of total public revenues for 2010. What can happen if the price of the barrel of oil again having a relapse or Pemex acknowledges problems in your production? Given the weakness of the Government in terms of tax control, it is likely that reform finished generating an increase in the informal economy in Mexico and thus, exacerbating the problem of the degressivity in the tax structure.

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