Coca-Cola FEMSA, a company primarily engaged in producing and bottling soft drinks under The Coca-Cola Company brands, has faced a tightening of taxes and duties in Mexico. First and foremost, on January 1, 2019, the Mexican government eliminated the right to offset any tax credit against any tax
Grupo Bimbo, a bakery-focused company with more than 54,000 distribution routes worldwide, achieves high levels of efficiency in transportation and logistics. In this area, the company has an extensive world-class distribution network and strategically located automated production plants. Another way of looking at this quality: global reach combined
As of June 1, 2020, several digital services provided by foreign-based suppliers are subject to VAT (16%) in Mexico. Mexican authorities indicated that in 2021, 8,838 million pesos were collected for this concept. What are the digital services subject to VAT? They are those provided in Mexico for
The United Kingdom and Russia ranked as the world’s largest cheese importers in 2021, with 409,000 and 323,000 tons, respectively. This was followed by Japan (288,000 tons), China (240,000 tons) and Saudi Arabia (192,000 tons), according to data from the International Monetary Fund (IMF). The IMF considers the
Mexico’s Anti-Inflation and Deficit Program (PACIC) aims to stabilize the prices of staple products and considers, among other things, measures related to product imports. In its first stage, the program includes the suspension for six months of import tariffs on 21 basic foodstuffs, as well as the creation
The U.S. Government Accountability Office (GAO) developed four policy options that could help enhance the benefits or mitigate the challenges of blockchain technologies. In general, the policy options identify possible actions by policymakers, which may include Congress, federal agencies, state and local governments, academic and research institutions, and