
DoingBusinessInMexico.com The State of Coahuila unveiled an auto industry aid to rescue the local automotive industry. Under the name of Programa de Reactivación de la Industria Automotriz, the incentive program is meant to increase car sales independently of the car´s value. Consumers that purchase new cars in Coahuila will get significant discounts on vehicle taxes.

DoingBusinessInMexico.com Mar de Cortes International Airport has opened its doors as a commercial access to the Puerto Peñasco -Rocky Point- region. Full article www.DoingBusinessInMexico.com

DoingBusinessInMexico.com Bank Holiday on Monday November 2nd. The Mexicans might face a Halloween terrifying weekend rooted on significant tax rises for 2010, instead of peacefully celebrating the All Souls Day by following their valuable traditions.

DoingBusinessInMexico.com PRI congressmen at the Senate have decided not to get in the way to the 1 point rise in the VAT (11% at the border and 16% inland). Although rejected by the left wing parties, the Mexican Government initiative is about to clear the Congress hurdle.

DoingBusinessInMexico.com IRS Targets the Rich! The IRS (USA) has formed a new enforcement unit focused on the very wealthy. This unit will be intended to decode complex techniques used to hide taxable income, such as offshore partnerships and trusts. This unit is getting connected to its Mexican existent counterpart named Administracion Central de Grandes Contribuyentes; a unit dependent from the Mexican Tax Ministry (SCHP).

DoingBusinessInMexico.com Tax Reform is Still in the Oven! The political parties in the Mexican Congress and the Finance Ministry are still trying to reach consensus over the Tax Reform. A one point rise to the VAT, reaching an 11% at the border and a 16% in the rest of the country has been established, but with the disagreement of the left wing parties.

DoingBusinessInMexico.com #internetnecesario Overnight PRI and PAN reached a preliminary agreement to raise different taxes for the 2010 budget. Internet and cable TV services will be affected with a 3% special tax. This measure has created a loud reaction of internet users against the initiative. #internetnecesario has started to spread in social sites such as Twitter and Facebook.

DoingBusinessInMexico.com Shinny October! Positive financial data: Peso strengthens breaking the $13 barrier to $12.98 Pesos per US Dollar and $19.42 per Euro; the Stock Exchange Index is tapping the 30,000 units; and the International Reserves accumulated US$80,137 millions building up three raises in a row.

DoingBusinessInMexico.com
UNAM Goes Virtually International. Universidad Autónoma de México (UNAM), Mexican major public university, has renovated its Portal with a friendlier version to enforce its internationalization strategy.
The Portal offers a Home Page directory in several languages: Spanish, English, German, Japanese, Chinese and Brazili ...an. Additional features include linkages to the university webcast and podcast, as well as content placed in YouTube and Twitter.Leer más
The Portal offers a Home Page directory in several languages: Spanish, English, German, Japanese, Chinese and Brazili ...an. Additional features include linkages to the university webcast and podcast, as well as content placed in YouTube and Twitter.Leer más

DoingBusinessInMexico.com Calderon Plan to Raise Taxes! The Mexican Government intends to raise taxes as a response to the budget hole created by the world economic crisis. The debate is now in the Congress with the rejection of the left wing parties and the partial acceptance of the centrist PRI and the full support from the Government right-wing party PAN.

DoingBusinessInMexico.com Stock Exchange in Recovery Mode! The Mexican Stock Exchange Index has hit a year record over passing the 31,000 points. The Stock has reported a gain of 46% since Black October. The index is close to the historic record of 32,836 points made at the end of 2007.

DoingBusinessInMexico.com The Peso is getting stronger! The US Dollar is facing weakness in the markets. In the meantime, the Mexican Peso strengthens to $13.18 Pesos per US Dollar -a level not seen since the past year-.

DoingBusinessInMexico.com
Low Carbon, Competitive Cities. On October 12th, 13th & 14th, the Center for Sustainable Transport of Mexico hosts the 5th International Conference on Sustainable Transport (ICST) at Mexico City WTC. For further info: http://www.congresotransportesustentable .org/english/index.html
Fuente: www.congresotransportesustentable.org
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