Prepare Yourself For 16% Tax Added Onto Food And Medicine
The PRI got their way, and IVA the 16% National Sales Tax has been added to FOOD and MEDICINE. I have already noticed some price increases in other industries (mostly tourist oriented).
Forum Discussion
Thanks briansue.
This appears to be completely false and misleading according to reports to which you provided links.
As you highlighted, the tax is does not apply to food and medicine.
The tax only applies to the border states which had a more favorable tax.
The rest of the country already had a 16% sales tax.
Border state residents would go across the border to shop in the US.
So the border states were given a special tax break to help compete and keep Mexican residents shopping on the Mexico border side.
BTW; your link to the WSJ article doesn't work unless you are a subscriber - so all we get is a popup to join.
The PRI got their way, and IVA the 16% National Sales Tax has been added to FOOD and MEDICINE. I have already noticed some price increases in other industries (mostly tourist oriented).
This appears to be completely false and misleading according to reports to which you provided links.
As you highlighted, the tax is does not apply to food and medicine.
The tax only applies to the border states which had a more favorable tax.
The rest of the country already had a 16% sales tax.
Border state residents would go across the border to shop in the US.
So the border states were given a special tax break to help compete and keep Mexican residents shopping on the Mexico border side.
BTW; your link to the WSJ article doesn't work unless you are a subscriber - so all we get is a popup to join.
