Alejandro Malagón Barragán, president of the Confederation of Industrial Chambers (Concamin), said that a 3.5%remittance tax, as it is intended to be charged by the United States government, is unfair, so you have to work so that it is not approved by the US Senate.
“It is not fair because it is a double taxation, they already told and voted yesterday. In the government on the other side there may be changes, all the implications must be explained because it affects us,” said the businessman.
The industrial one said that the Remittance Tax is not good news.
“We industrial ones do not agree, but we know that from the Ministry of Economy continues to see what else can be done,” he said.
Remittance tax is not good, because there is a strategy to stop that “there is less cash management and that will increase effective management,” he added.
Lee: Remittance tax reduction is not good news: Ebrard
The collection of taxes is a direct blow to the amount of the remittances sent and “to those around us affects us, there is greater effective management,” he said.
The president of the Concamin said that with Trump’s return to power he created “a new world.”
“Then we have to be open to the uncertainty that we are already going through all our buttons ready to be able to act,” he said.
He said he will have a meeting with the Secretary of Economy, Marcelo Ebrard, to address the issue that has already passed the first legislative customs of the US Congress.
The businessman explained that the development poles go in a timely manner and will be presented in general and then by states.
Lee: Sheinbaum reiterates his rejection of gravamen to remittances in the US despite 3.5%
Given uncertainty, companies “are not going to go, they are changing their internal plans on the execution of the budget,” there is no spasm, they are planning their execution, “he said.
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