In this weekly update of our BBVA Tracker indicator: Consumption, we carry out an analysis at the level of sector, city, type of payment and form of purchase on the first VAT holiday carried out in the country on June 19, 2020. We found that there is an important effect on consumption and e-commerce.
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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.
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 …
The bill covers three main issues: VAT reform, a marginal increase in the tax burden on the highest earners, and a reduction in the tax burden on businesses.
It is always best to be very careful with changes in taxes. Increases can be dangerous if they hamper growth and job creation, just as reductions can be if they affect the sustainability of the welfare state and equity. So, What is the extent o…
Tax increases in the banking sector have been the subject of intense debate since the start of the international financial crisis in 2007. This Observatory evaluates the effects of taxes on banking in Spain within three different alternatives: an additional tax on profits, on deposits and on the volume of loans.
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…
Mexico would continue to be more competitive than the United States in the production of manufactured goods even if the latter were to cut its corporate tax rate from 35% to 20%. The difference in labor costs alone is a sufficient factor for Me…
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.
As Oliver Wendell Holmes Jr. stated in 1904, and as appears inscribed on the façade of the US Internal Revenue Service Building, “taxes are what we pay for a civilized society”. However, it is difficult to answer the question of whether we pay too much or too little without taking into account what we receive in return.