Mexican FinMin: US tax overhaul is ‘regressive’

Mexico’s Finance Minister Jose Antonio Gonzalez Anaya said at an event in Mexico City late-Thursday, the US tax law overhaul passed by Congress in December is “regressive”, as cited by Reuters.

Key Quotes:

“It’s a very regressive reform: the top one percent of earners will get 40 percent of the benefits.”

“It’s not exactly something we want here.”

“If that were the case the countries with the lowest tax take would be the most competitive.”

“They aren’t exactly the most competitive countries in the hemisphere.”