Donald Trump’s Immigration Plan: Big Promises, Bigger Doubts

5/19/16 New York Times

Donald_Trump)Big promises are to be expected from presidential candidates, but reality often intrudes. The elder George Bush broke the “no new taxes” pledge that helped lead to his election. And Barack Obama’s administration has yet to live up to his prediction that his nomination would go down in history as the moment “when the rise of the oceans began to slow and our planet began to heal.”

Donald J. Trump’s vow to restore what he says is America’s lost luster, while perhaps not as flowery, comes with campaign promises that are equally grandiose. But Mr. Trump, the presumptive Republican nominee, has typically provided scant details on how he might make good on his promises — and ambitious ideas, even the concrete kind, do not always add up.

Central to Mr. Trump’s campaign, and to his national security strategy, is his intent to clamp down on illegal immigration, using a vast deportation “force” to relocate people to the other side of a wall, funded by Mexico, that would stretch nearly the length of the southern border.

Mr. Trump has suggested he will flesh out his ideas in a forthcoming speech. But experts across many fields who have analyzed his plans so far warn that they would come at astronomical costs — whoever paid — and would in many ways defy the logic of science, engineering and law.

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Mexico’s Promise to Investigate 33 Individuals Linked To The Panama Papers Is Met With Skepticism

4/12/16 Forbes

Mossack_Fonseca_HQMexican tax authorities said last week they will investigate 33 prominent Mexican businessmen and former officials linked to the Panama Papers, a massive leak of documents on the world of offshore financing used frequently by many of the richest and most powerful around the globe.

Parts of the data were published on April 3 by the International Consortium of Investigative Journalists (ICIJ), a Washington-based nonprofit anti-corruption investigative group, and 100 other international news organizations—including Proceso and Aristegui Noticias in Mexico.

The cache of more than 11 million documents came from Mossack Fonseca–a Panamanian law firm with a global reach that specializes in creating shell companies. The firm has denied any wrongdoing and is reportedly considering legal action.

The ripple effect of the leak has so far provoked the resignation of one Prime Minister (in Iceland), investigations of several heads of state, including Argentina’s President Mauricio Macri, and apologies and denials from many more.

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Will Arizona soon see a lot more shoppers from Mexico?


The Christian Science Monitor, 12/5/2013

On any given day, city residents here wait in long lines to cross the border and shop for bargains in Arizona. Gaby Medina is one of them. She visits the stores in Nogales, Ariz., at least twice a month to look for deals on clothes, which she says are often less expensive than in the border state of Sonora, Mexico.

Earlier this week, she filled several plastic bags with tops she bought for herself and relatives who lack a visa to visit the United States. Come January, Ms. Medina may head to the United States more frequently, she says. That’s when Mexico’s new sales tax will take effect, increasing to 16 percent from 11 percent in Mexico’s border cities and towns.

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Mexico Lower House OKs Revised Government Tax Plan

taxes accounting businessThe New York Times, 10/17/2013

Mexico’s Lower House of Congress on Thursday gave general approval to a revised government tax plan that aims to boost receipts by nearly 3 percent of GDP by 2018.

The bill was revised on Wednesday to raise the top income tax rate on a sliding scale to 35 percent, impose a 5 percent tax on junk food and roll back plans to apply sales tax on rents, mortgages, property sales and school fees.

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It’s a dog’s life: Fiscal reform in Mexico

The Economist, 9/14/2013

Since 2000, woman with shopping bags and credit cardwhen a Mexican film director made “Amores Perros”, a gritty tale about dogs, crime and violence, the status of canines in society has improved a lot. In middle-class parts of Mexico, dog hotels, stylists and even “organic” dog-poo bins are so prevalent that having a pooch has become a symbol of upward mobility. No wonder, then, that the middle class is howling over a proposed tax reform unveiled on September 8th. Not only does this seek to raise taxes on everything from salaries over 500,000 pesos ($38,000) to private schools. It even slaps a levy on dog biscuits.

The main aim of President Enrique Peña Nieto is to raise the tax take—which at 14% of GDP is below the Latin American average—and cut the government’s dependence on oil revenue. The most pressing question is whether the new tax code will help or hinder the revival of a stagnant economy.

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Mexico’s Government Willing to Revise Tax Plan Seen Hitting Middle Class

The New York Times, 9/11/2013

The Mexicpiggy bank with coinsan government said on Wednesday it was open to exploring alternatives to some of the more divisive proposals in a newly unveiled tax overhaul, faced with a growing chorus of resistance to measures that critics say hurt the middle class.

Political opponents have voiced dismay at measures like taxing private education, ending mortgage rebates and lifting the top income tax rate to 32 percent from 30 percent for those who earn more than 500,000 pesos ($37,800) a year. Senior officials from Pena Nieto’s ruling centrist Institutional Revolutionary Party have acknowledged the concerns.

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Mexico Proposes Tax on Sugary Beverages

The Wall Street Journal, 9/10/2013
Obese man

The Mexican government proposed penalizing sugary beverages with a special tax in an effort to contain twin epidemics of obesity and Type 2 diabetes, attempting to join countries such as France and Hungary in taxing sweet drinks in the name of public health.

President Enrique Peña Nieto’s tax overhaul unveiled on Sunday targets all sugar-sweetened beverages, not just soda, in a country where seven of 10 adults are either overweight or obese. An estimated 15% of people over age 20 have adult-onset diabetes.

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