Closing of the year more than complex. An inflation that touches 7%, employment does not recover and the current economic indicator falls 1.4%. Go levels with which you reach the final stretch of 2021.
Causes and effects. Mexico is still attractive, yes. You can advance more than what is said today, yes. And also fall drastically. The big but is the legal certainty that does not come from in the face of reforms that are far from the international trend and give the national and foreign investor stability in the investment.
It is not for less when volatility is constant. According to economic analysts, although it is a global environment that directly affects the economy, it is a reality that internal issues are a direct effect that will set the tone for what follows.
This closing of the year will be definitive to know what direction Mexico will take. The push and pull towards defining a fiscal miscellany will be intensified, of course.
It will be days at full steam in Congress, be it Senate or deputies. And it is that while for some morenista legislators, such as Patricia Armendáriz, it is an advance in many sectors, the Business Coordinating Council, headed by Carlos Salazar, since October 8 presented modifications to the SAT and the Ministry of Finance to avoid a negative impact on the manufacturing industry, loans via dividends, uncollectible accounts and limits in the accreditation of VAT on issues of tax opinion, deductibility of issues for individuals, special mining law.
Although it is true that the issue of tax simplification will help taxpayers who do not earn more than 3.5 million pesos per year, because they will be able to pay taxes in this regime of 1.5 to 2% of income tax, there are limitations that for many make informality or income tax still attractive. handle yourself in the world of cash.
This fiscal miscellany calls into question the companies that receive donations, which are limited to 15% of the income. And it brings a serious affectation. Such is the case of the Federal Tax Code, since when people turn 18 they must register with the SAT, a nice way to audit.
However, the reform to the electricity sector that is planned for January, as stated by the President of the Republic, Andrés Manuel López Obrador, can be lethal for the economy and development of Mexico.
In the first place, because it would destroy the market, the three pillars: an autonomous body that is the Energy Regulatory Commission (CRE), an independent operator (Cenace) and an efficient dispatch of electricity.
The reform would make the CFE a judge and part of the sector. We would all be subject to the reform and the CFE. In addition, there are effects that would affect plants that have invested some 44 billion dollars.
There would be no subsidies to the taxpayer, rates would rise 7% for households and 14% for companies.
Not to mention the government’s indebtedness. I’m talking about the 62 billion dollars a year that the CFE requires.
The energy transition is canceled on climate change, Mexico would go against what the world is going. And trade treaties would be violated, starting with the T-MEC, forcing investors to enter international panels. We would be forced to buy expensive and dirty energy. And we wonder why economic indicators are more aggressive in Mexico.
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Reference-www.eleconomista.com.mx