Higher sales taxes in Mexico creating more business for American retailers

Higher sales taxes

Higher sales taxes

higher Sales taxes in Mexico

Sales taxes in Mexico are nearly double that of areas of the United States just across the border prompting some Mexicans to send their business north.

American retailers are starting to see a sales boost thanks to a higher sales taxes in Mexico. Mexican lawmakers voted to increase the sales tax rate for Mexican states on the U.S. border. They increased the sales tax rate from 11% up to 16%.

Lawmakers said this increase was necessary because it would make taxation fairer across Mexico plus residents in these areas have higher incomes and can afford to pay more. However, perhaps an unintended side effect is that Mexicans are finding it more affordable to shop in the United States. In comparison, the sales tax rate in Texas is only 8.25%, nearly half what border residents would pay in Mexico.

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