October 2009 - Number 18
     NATIONAL NEWS:
   
 

More Taxes Will Affect Business Economic Liquidity: AMPI
By Margarita Jasso y Cecilia Higuera
Source: The Chronicle - Mexico

 

 

Mexico - The tax increase will deep in the recession in Mexico by the lacking of companies economic liquidity, also will prevent the country to increase their competitiveness, assured Adolfo Kunz Bolaños, president of the Mexican Association of Real Estate Professionals (AMPI).
At a press conference, Kunz argued that the competitiveness of the country is being affected by the lack of commitment by the federal authorities to maintain a transparent regulatory and collection.
"While two Nobel laureates say it is a mistake to increase taxes in times of recession, the authorities want to deceive us that this is a good measure to move forward," he said.
On the other hand, agreed with the analysis of the Center for Private Sector Economic Studies (CEESP) that will be inadequate federal efforts to reduce its payroll expenses, as bonds and nepotism that exists in public administration prevent obtain greater savings.
Meanwhile, Mario Correa, vice president of Scotiabank Economic Studies, stressed that the authorities should analyze in depth, if it is really what it takes place on the matter of fight against poverty is working, "because we still see many setbacks in this segment of the population.”
The economist suggested that to minimize the problem of lacking of resources in public finances, rather than increase taxes on captive taxpayers, there should be incentives for informal economy to have more income, "otherwise this problem of lacking of resources we will continue to live every so often, "he told Chronicle.
In this sense, he referred not only to fight poverty Mexico serious faces setbacks, but also education, so this is the time to rethink many of the things that have been doing and that are not working at all .
On another issue, Camillo Roberti Brand, CEO of Cubic Meters Real Estate Company, announced that the recession affected the level of confidence of middle-class consumers, causing a fall of up to 9 percent in the value of residential colonies like Rome, Escandon, Center, Portals and Narvarte.

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R) 2009 ASOCIACIÓN MEXICANA DE PROFESIONALES INMOBILIARIOS, A.C
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