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Fiscal reform

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March 7, 2019

Mexico | Fiscal reform in the United States: No significant effects yet for Mexico

Effective from January 1, 2018, President Trump's fiscal reform enforced, among other aspects, a reduction of the federal corporate income tax rate from 35% to 20%. As soon as discussions on the reform began, concerns started to arise in Mexico regarding its possible impact on investment in our country.

March 6, 2019

Mexico | Fiscal reform in the United States: No significant effects yet for Mexico

Effective from January 1, 2018, President Trumps fiscal reform enforced, among other aspects, a reduction of the federal corporate income tax rate from 35% to 20%. As soon as discussions on the reform began, concerns started to arise in Mexico regarding its possible impact on investment in our country.

December 18, 2017

U.S. | Tax reform and home prices: Is there a cause for concern?

The net effect of the proposed tax changes on house prices will be limited. Doubling the standard deduction will increase the incentives to rent. The lower cap on mortgage interest deduction can lower prices of homes in higher price ranges over time. Other tax proposals will tighten housing market conditions and generate up…
  • Geography Tags
  • USA

November 10, 2017

Mexico addresses United States Tax Reform

In the United States a reduction is envisaged in the federal tax rate on companies from 35 to 20%. In Mexico there are voices saying this would be more serious for the country’s economy than the breakdown of the North American Free Trade Agreement (NAFTA). This is nonsense.

July 19, 2017

Presentation Brazil Economic Outlook. Third quarter 2017

We revised down our GDP forecasts to 0.6% in 2017 and 1.5% in 2018, largely due to the upsurge of political tensions. Nevertheless, the economy will likely continue to recover, leaving behind the recession. Among other factors, the recovery will be driven by monetary policy, whose expansive tone will contrast with fiscal po…

August 13, 2014

Chile: Minor effects on inflation due to Tax Reform

We estimate Tax Reform will have a total impact on inflation at around 0.9 pp to 2016. However, we expect that market has already internalized much of the impact on asset prices from April, at the beggining of discussion in Congress. All in all, we revised our inflation forecast to 2014 from 3.6% to 3,7% YoY and mantained o…

July 15, 2014

Cuentas fiscales con escaso margen de maniobra

La actualización de las proyecciones fiscales para el año 2014 reveló que este año el déficit fiscal efectivo subirá desde 0,9% del PIB estimado en el Presupuesto a un rango entre 1,7% y 2% del PIB dependiendo de si se aprueba o no la reforma tributaria. Esta estimación considera la reforma inicial, antes del protocolo, por…