Lower US corporate taxes would not reverse Mexico’s competitive advantage in manufacturing
Published on Tuesday, November 21, 2017 | Updated on Friday, December 15, 2017
Lower US corporate taxes would not reverse Mexico’s competitive advantage in manufacturing
Mexico would continue to be more competitive than the United States in the production of manufactured goods even if the latter were to cut its corporate tax rate from 35% to 20%. The difference in labor costs alone is a sufficient factor for Mexico to remain more competitive than the US
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