TAG: Tax

In spite of benefitting from record levels of FDI and a booming automotive sector, Mexico’s economy is expanding at a fragile rate, with GDP growth expected to ease to 2.1% in 2016, according to the IMF. Nonetheless, as demonstrated by a recent survey of C-suite executives by Oxford Business Group, business leaders in the country – Mexican and foreign alike – are broadly positive about the outcome of the government’s package of structural reforms. Indeed, investor confidence remains high, with the vast majority of respondents planning to make a significant capital investment in the year ahead. However, with this expected increase in economic activity comes concerns about the availability of skilled labour and the need to improve the competitiveness of the tax environment to make the most of Mexico’s long-term prospects.