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Mexican finance minister calls U.S. tax overhaul 'regressive'

Reuters  |  MEXICO CITY 

By Anthony EspositoMEXICO CITY (Reuters) - Mexico's finance minister on Thursday labelled the U.S. tax law overhaul passed by Congress in December as "regressive" and said the Mexican economy would remain competitive without sweeping cuts to corporate tax rates.The Republican-controlled U.S. Congress defied opposition from Democrats to pass the bill and give President Trump his first major legislative victory. The overhaul cuts taxes for corporations and the wealthy while giving mixed, temporary tax relief to middle-class Americans.Cutting the U.S. corporate tax rate to 21 percent from 35 ...

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First Published: Fri, January 12 2018. 06:45 IST