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MNI US Macro Weekly: Politics To The Fore
Government Sets Decree To Promote Investments Due To Nearshoring
- MEXICO SETS TAX INCENTIVES TO PROMOTE NEARSHORING INVESTMENTS (BBG)
- Gabriel Yorio via twitter (translated):
- "The Government of Mexico issues today a decree to promote investments due to the #Nearshoring phenomenon. This decree establishes tax incentives for companies that wish to relocate anywhere in Mexico and applies to ten key sectors of the Mexican economy."
- "The benefits are the accelerated investment deduction, which varies from 56% to 89% in 2023 and 2024. In addition, an additional 25% deduction is guaranteed for three years for worker training expenses, focusing on the development of human capital."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.