Mexico: VAT increases at border cities, decrease sales, increased lines to U.S. for purchases

Posted on February 27, 2014 • Filed under: Border Issues, Business, Mexico, United States reported five percentage points of taxes are measured in money but also in time and distance. The industry know it well because, from January 1, not only pay more expensive good part of products that are no longer encumbered with a reduced 11% VAT but with 16% that affects the rest of the country. Since then, the ranks to cross from Tijuana to San Diego have lengthened and the waiting time has increased. The same thing happens in other border cities attending a daily exodus of Mexicans that they invest their day to pass on to the United States to buy and returning in the evening to save a few hundred pesos. Read Article

Share This Story
  • Print
  • Digg
  • StumbleUpon
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • email