Industrial Decoupling’s Future

MEXICO - Report 23 Oct 2013 by Mauricio González and Ernesto Cervera
Executive Summary The most significant news on the economic front last week was the Chamber of Deputies’ vote to pass its version of the 2014 Revenue Law. Changes to tax laws include the levying of a 5% tax on junk food (fruit-flavored candies, chocolates, chips or crisps, gelatins, ice cream, and popsicles), as well as a one-peso tax on every liter of soft drinks and other sugary beverages.The Lower House of the Mexican Congress also approved the proposal by the administration of President Enrique Peña Nieto to harmonize the Value Added Tax (VAT) charged in the northern border region and i...

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