Magis Global –


March 21, 2014

Mexico And Economic Growth

Category: General – Tags: – admin – 12:58 am

The economic growth is in danger in Mexico 5 November 2009 For that they thought that the main problems for the Mexican economy were reduced to the fall in the external sales towards the USA, I believe that they have remained short. The fiscal problems that were agravated by the crisis threaten the credit qualification of the country, a risk that can bring several negative consequences to him. Days ago, in Mexico the tax reform was approved that it looks for to put together the fiscal situation. After arduous discussions, the Law of Income 2010 was approved that contemplates tax rises, but that left unsatisfied all the political actors, reason why it has been abierta the possibility of advancing in deep a fiscal reform. Between the main introduced fiscal changes with the Law of Income the increases in the rates of the Tax can be mentioned On Renta (ISR) that happened from 28% to 30% and the increase in the Tax in Valor Agregado (IVA) that happened from 15% to 16%. These two modifications in the taxes are those that greater impact they will have on population.

The tax reform does not solve the fiscal problems basic, but on the contrary it threatens aggravating them. The leader of the PRI, Beatriz Walls said on the matter: Hay a level of very great evasion, and the inserted number of people in fiscal dynamics is very reduced, with great segments in the informal economy. To make matters worse, the approved reform has not managed to reduce the dependency of the state treasury of the oil income, that according to is considered, will represent 34.5% of the total of income public for the 2010. What can happen if the quote of the petroleum barrel returns to have a relapse or PEMEX accuses problems in its production? Given the weakness of the government in the matter of the tax control, most probable it is than the reform ends up in this way generating an increase of the informal economy in Mexico and, aggravating the problem of the backward nature in the structure of taxes.

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