Mexico - Revision history

imported>Doug Williamson: Standardise capitalisation of 'federal government'.

2017-11-22T14:05:10Z

Standardise capitalisation of 'federal government'.

← Older revision		Revision as of 14:05, 22 November 2017
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	===Benchmark rates===		===Benchmark rates===
	Banco de México (BANXICO) intervenes in the market to fulfil its monetary policy goals, affecting rate levels and liquidity via:		Banco de México (BANXICO) intervenes in the market to fulfil its monetary policy goals, affecting rate levels and liquidity via:
	* weekly ~~Federal Government~~ and IPAB issue auctions; open market operations with Bondes D (Bonos de Desarrollo del Gobierno Federal, previously known as BREMs) and securities repurchases;		* weekly federal government and IPAB issue auctions; open market operations with Bondes D (Bonos de Desarrollo del Gobierno Federal, previously known as BREMs) and securities repurchases;
	* management of currency in circulation; and		* management of currency in circulation; and
	* intervention in the peso-dollar market via international reserves and bid operations.		* intervention in the peso-dollar market via international reserves and bid operations.

imported>Doug Williamson: Remove broken link.

2017-05-20T07:09:35Z

Remove broken link.

← Older revision		Revision as of 07:09, 20 May 2017
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	'''Economic data'''		'''Economic data'''
	* [http://www.inegi.gob.mx http://www.inegi.gob.mx]		* [http://www.inegi.gob.mx http://www.inegi.gob.mx]
	* [http://www.bvm.com.mx http://www.bvm.com.mx]
	'''Asociación de Bancos de México'''		'''Asociación de Bancos de México'''
	* [http://www.abm.org.mx http://www.abm.org.mx]		* [http://www.abm.org.mx http://www.abm.org.mx]

	[[Category:Book_Export]]		[[Category:Book_Export]]

imported>Doug Williamson: Delete broken link.

2017-05-20T06:49:10Z

Delete broken link.

← Older revision		Revision as of 06:49, 20 May 2017
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	* [http://www.gob.mx ttp://www.gob.mx]		* [http://www.gob.mx ttp://www.gob.mx]
	* [http://www.presidencia.gob.mx http://www.presidencia.gob.mx]		* [http://www.presidencia.gob.mx http://www.presidencia.gob.mx]
	* [http://www.e-mexico.gob.mx http://www.e-mexico.gob.mx]
	'''Secretaria de Hacienda'''		'''Secretaria de Hacienda'''
	* [http://www.shcp.gob.mx http://www.shcp.gob.mx]		* [http://www.shcp.gob.mx http://www.shcp.gob.mx]

imported>Doug Williamson: Remove broken links.

2017-05-20T06:46:41Z

Remove broken links.

← Older revision		Revision as of 06:46, 20 May 2017
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	'''Tax information'''		'''Tax information'''
	* [http://www.sat.gob.mx http://www.sat.gob.mx]		* [http://www.sat.gob.mx http://www.sat.gob.mx]
	~~'''Stock exchange (Bolsa Mexicana de Valores)'''~~
	* [http://www.bmv.com.mx http://www.bmv.com.mx]
	* [http://www.mapafinanciero.com.mx http://www.mapafinanciero.com.mx]
	'''Economic data'''		'''Economic data'''
	* [http://www.inegi.gob.mx http://www.inegi.gob.mx]		* [http://www.inegi.gob.mx http://www.inegi.gob.mx]

imported>Doug Williamson: Update currency code from MXP to MXN. Source Coinmill: http://coinmill.com/MXN_MXP.html

2016-01-08T18:43:44Z

Update currency code from MXP to MXN. Source Coinmill: http://coinmill.com/MXN_MXP.html

← Older revision		Revision as of 18:43, 8 January 2016
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	\|header3 =		\|header3 =
	\| label3 = Currency:		\| label3 = Currency:
	\| data3 = Mexican peso (~~MXP~~)		\| data3 = Mexican peso (MXN)
	\|header4 =		\|header4 =
	\| label4 = FX regime:		\| label4 = FX regime:

imported>Jeeten.patel@thinkpublishing.co.uk at 14:00, 13 October 2015

2015-10-13T14:00:56Z

← Older revision		Revision as of 14:00, 13 October 2015
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	\|header2 =		\|header2 =
	\| label2 = Population:		\| label2 = Population:
	\| data2 = ~~120~~.3 million (July ~~2014~~ est)		\| data2 = 121.7 million (July 2015 est)
	\|header3 =		\|header3 =
	\| label3 = Currency:		\| label3 = Currency:
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	\|header5 =		\|header5 =
	\| label5 = GDP:		\| label5 = GDP:
	\| data5 = $1,~~845bn~~ adjusted by purchasing-power-parity (~~2013~~ est.)		\| data5 = $2,143bn adjusted by purchasing-power-parity (2014 est.)
	\|header6 =		\|header6 =
	\| label6 = IGTA member:		\| label6 = IGTA member:
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	==Taxation framework==		==Taxation framework==
	===Corporate tax===		===Corporate tax===
	The maximum corporate tax rate is 30% The flat tax (IETU) which operated as an alternative minimum tax was abolished from 1 January 2014.		The maximum corporate tax rate is 30%. The flat tax (IETU) which operated as an alternative minimum tax was abolished from 1 January 2014.
	* '''Capital gains''' – Taxed as income.		* '''Capital gains''' – Taxed as income.
	* '''Value added tax (IVA)''' – The standard rate is 16%. Food and medicines are exempt.		* '''Value added tax (IVA)''' – The standard rate is 16%. Food and medicines are exempt.
	* '''Tax on dividends''' – Dividends are not taxed additionally to its taxation as income.		* '''Tax on dividends''' – Dividends are not taxed additionally to its taxation as income.
	* '''Tax on interest''' – Withholding tax applies at between 4.9% and 30%, subject to tax treaties for foreign investors. A 40% rate applies where interest payments are made to a related party located in a low-tax country.		* '''Tax on interest''' – Withholding tax applies at between 4.9% and 35%, subject to tax treaties for foreign investors. A 40% rate applies where interest payments are made to a related party located in a low-tax country.
	* '''Revenue protection''' – Mexico has legislation covering transfer pricing and thin capitalisation.		* '''Revenue protection''' – Mexico has legislation covering transfer pricing and thin capitalisation.

	==Banking service provision==		==Banking service provision==
	A very competitive financial sector exists composed of 45 multiple banking institutions with total assets of $~~514bn~~ (data as of ~~March 2014~~, $1=13.05 MXP). Mexico has one of the most solvent banking systems in the world. In January 2013 the Basel 3 capital regime was introduced (without the transition period) and all banks in the system comply with it.		A very competitive financial sector exists composed of 45 multiple banking institutions with total assets of $482bn (data as of May 2015, $1=15.38 MXP). Mexico has one of the most solvent banking systems in the world. In January 2013 the Basel 3 capital regime was introduced (without the transition period) and all banks in the system comply with it.

	===Major commercial banking players===		===Major commercial banking players===
	Financial reforms and foreign acquisitions have helped to stabilise the banking sector, which nearly collapsed after the 1995 crisis. However, banking penetration is low, with bank credit to the private sector being at levels of around 27.5% of GDP. A sound financial system, with higher growth rates for the economy should lead to higher credit growth.		Financial reforms and foreign acquisitions have helped to stabilise the banking sector, which nearly collapsed after the 1995 crisis. However, banking penetration is low, with bank credit to the private sector being at levels of around 31.4% of GDP. A sound financial system, with higher growth rates for the economy should lead to higher credit growth.
	Currently the five largest banks – by asset size – (four of these foreign owned) control approximately 78% of the market:		Currently the five largest banks – by asset size – (four of these foreign owned) control approximately 73% of the market:
	* Bancomer (Grupo BBVA);		* Bancomer (Grupo BBVA);
	* Banamex (Citigroup);		* Banamex (Citigroup);
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	* Certificates of Deposit (instruments only offered in pesos).		* Certificates of Deposit (instruments only offered in pesos).
	Non-interest bearing accounts are the most widely used. Often, though, customers associate an investment contract (overnight or other short-term) for surplus funds. Other types of investments (funds or treasury instruments) are common as well.		Non-interest bearing accounts are the most widely used. Often, though, customers associate an investment contract (overnight or other short-term) for surplus funds. Other types of investments (funds or treasury instruments) are common as well.
	The market reference rate (tasa referencia de captación del mercado or TIIE) is around 3.~~294~~% (28 days term, July ~~2014~~).		The market reference rate (tasa referencia de captación del mercado or TIIE) is around 3.313% (28 days term, July 2015).

	===Cash pooling===		===Cash pooling===
	Cash pooling is popular in Mexico because there are large conglomerates with a mix of cash rich and cash poor firms. There are also mechanisms for automated investment.		Cash pooling is popular in Mexico because there are large conglomerates with a mix of cash rich and cash poor firms. There are also mechanisms for automated investment.
	~~Real~~ cash pooling is preferred to notional (some banks only offer the former).		Physical cash pooling is preferred to notional (some banks only offer the former).

	===Banking services remuneration practices===		===Banking services remuneration practices===
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	{\| border="1" cellpadding="5" cellspacing="0" class="infotable" style="float:right; background:#fff; min=width:100%; width:100%"		{\| border="1" cellpadding="5" cellspacing="0" class="infotable" style="float:right; background:#fff; min=width:100%; width:100%"
	\|-		\|-
	! colspan="6" style="color:#48001f; font-size:18px; background:none" \| '''Table 2: Money market instruments'''		! colspan="6" style="color:#48001f; font-size:18px; background:none" \| '''Table 2: Money market instruments by issuer'''
	\|-		\|-
	\| '''Federal government'''		\| '''Federal government'''

imported>Doug Williamson: Protected "Mexico" (‎[edit=sysop] (indefinite) ‎[move=sysop] (indefinite))

2015-07-27T13:09:06Z

Protected "Mexico" (‎[edit=sysop] (indefinite) ‎[move=sysop] (indefinite))

← Older revision

Revision as of 13:09, 27 July 2015

imported>Jeeten.patel@thinkpublishing.co.uk at 09:20, 15 September 2014

2014-09-15T09:20:38Z

← Older revision		Revision as of 09:20, 15 September 2014
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	\|-		\|-
	\| style="background:#e9d7e0"\|Sistema de Depósito, Administración y Liquidación de Valores (DALI)-DVP system for securities		\| style="background:#e9d7e0"\|Sistema de Depósito, Administración y Liquidación de Valores (DALI)-DVP system for securities
	\| style="background:#e9d7e0"\|Settles and liquidates groups of opera-tions and links ’ payments every two minutes		\| style="background:#e9d7e0"\|Settles and liquidates groups of opera-tions and links payments every two minutes
	\| style="background:#e9d7e0"\|S.D. INDEVAL, Institución para el Depósito de Valores, S.A. de C.V. El para el Depósito de Valores (SIDV)		\| style="background:#e9d7e0"\|S.D. INDEVAL, Institución para el Depósito de Valores, S.A. de C.V. El para el Depósito de Valores (SIDV)
	\|-		\|-

imported>Jeeten.patel@thinkpublishing.co.uk at 17:04, 28 August 2014

2014-08-28T17:04:24Z

← Older revision		Revision as of 17:04, 28 August 2014
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	\|imagestyle = padding:10px 0px;		\|imagestyle = padding:10px 0px;
	\|captionstyle =		\|captionstyle =
	\|image = [[File:Flag_mexico.png\|160px\|alt=Flag of Mexico]]		\|image = [[File:Flag_mexico.png\|border\|160px\|alt=Flag of Mexico]]
	\|caption =		\|caption =

imported>Jeeten.patel@thinkpublishing.co.uk at 16:46, 27 August 2014

2014-08-27T16:46:39Z

← Older revision		Revision as of 16:46, 27 August 2014
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	\|header2 =		\|header2 =
	\| label2 = Population:		\| label2 = Population:
	\| data2 = 120.3 million (July 2014 est.)		\| data2 = 120.3 million (July 2014 est)
	\|header3 =		\|header3 =
	\| label3 = Currency:		\| label3 = Currency: