When Does it Make Sense to Expand to Mexico?
Posted by Carlos Calderon on March 19, 2019
Carlos Calderon
When looking at the competition – especially in the automotive industry –the question on whether it makes sense to expand to Mexico will ultimately arise. Our clients ask this often enough for us to note the key considerations required before determining if this opportunity is right for your business.
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How to Respond to the US-China Trade Friction
Posted by Nina Wang and Tim Hilligoss on January 29, 2019
The year of 2018 was essential to the world’s two greatest trading nations: the United States and China. Throughout 2018, the Trump administration proposed and launched a series of policies imposing additional duty rates on a wide range of products imported from China. China retaliated immediately by publishing a list of products imported from US as targets for an additional 25% tariff. This trade friction is sweeping worldwide and has significant impacts on businesses.
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Impacts of the New China IIT Law
Posted by Nina Wang on January 28, 2019
On August 31, 2018, China passed the Draft Amendment to the Individual Income Tax Law (IIT Law), which is the most significant revamp in the past 38 years. The amendments will have a significant impact on foreigners living in China. The following is an overview of the key changes that may affect individuals in the global mobility arena.
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China Released Tax-Reduction Measures
Posted by Nina Wang on January 10, 2019
In the past few months, China’s Ministry of Finance (MOF), State Administration of Taxation (SAT), and other governmental agencies released various new “Circulars” to the current Chinese corporate tax law. Most of these tax reduction measures took effect January 1, 2018 in order to support entrepreneurship, innovation, and the development of both high technology enterprises and small and mid-sized entities (SMEs).
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Mexico’s Proposed New Tax Reform
Posted by Carlos Calderon on December 5, 2018
As of December 1, 2018, Mexico will have officially elected President Andres Manuel Lopez Obrador. His campaign was focused on topics such as security, education and culture, fight against corruption, compliance with the law, and correct execution of economic resources, to name the most relevant.
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Clayton & McKervey Presents Brexit and Cross Border Opportunities at Special Lunch and Learn Event on Nov. 12 at Automation Alley
Posted by Clayton & McKervey on October 22, 2018
Clayton & McKervey announces a lunch and learn titled ‘Brexit and Cross Border Opportunities’ on November 12, 2018 from 11:30 a.m. to 1:30 p.m. at Automation Alley in Troy.
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Mexico’s Payment Receipt Complement: Are You Ready for it?
Posted by Tim Finerty and Carlos Calderon on October 19, 2018
It is essential that the information received by the taxpayers be precise to avoid penalties.
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NAFTA 2.0? New USMCA Trade Agreement Makes Subtle Changes to NAFTA—but Not a Done Deal
Posted by Alex Martin and Carlos Calderon on October 8, 2018
Since NAFTA passage was a difficult legislative feat in 1994, domestic political considerations may again ultimately drive whether the rebranded USMCA is implemented in North America.
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China’s Reduced VAT (Value Added Tax) Rates
Posted by Nina Wang on August 28, 2018
Value Added Tax rates in China have been lowered, which is expected to save businesses 240 billion yuan a year.
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How Tariffs Will Impact Your Mexican Operation?
Posted by Carlos Calderon on July 26, 2018
On May 31, the US Department of Commerce announced that tariffs on steel and aluminum were no longer valid for Mexico, Canada and the European Union. Hence, these countries became subject to a 25% and 10% tax on tariffs for these materials effective June 1.
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