Mexican Border Factories Cry Foul Over New Taxes, Claim They Will Hurt Business Mark Stevenson - Associated Press
go to original October 30, 2013

MEXICO CITY — Industry groups say President Enrique Pena Nieto’s proposed tax overhaul could strangle one of Mexico’s economic success stories - the border factories known as maquiladoras.

Owners of the maquiladoras, which turn out everything from auto parts to candy for export, argue that the plan would harm the border city of Ciudad Juarez just as it begins to recover from a three-year wave of brutal drug-gang killings.

“The businesses, the stores, the restaurants have just begun opening up again,” said Claudia Troitino, head of the Ciudad Juarez maquiladora association. “The economy was just beginning to recover … This will be a heavy blow.”

It’s one of numerous business sectors opposed to the tax proposal already approved by the lower house and a Senate committee.

Mining companies, soft-drink bottlers and employer associations all protest tax hikes that supporters say are needed to strip some tax privileges away from the wealthy and help remedy deep income inequalities.

Read the rest at CanadianManufacturing.com

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