Abstract

TREGEAR, Manuel. Analysis of a tax policy to promote accumulation in Mexican SMEs, 2004-2018. Anál. econ. [online]. 2021, vol.36, n.92, pp.109-126.  Epub Oct 04, 2021. ISSN 2448-6655.  https://doi.org/10.24275/uam/azc/dcsh/ae/2021v36n92/tregear.

The goal of this paper is to analyze the tax policies in favor of SMEs, to compare them with the expenditure of traditional programs, and to propose a tax policy proposal to promote accumulation in Mexican SMEs based on financial and commercial incentives. The hypothesis proposes that when spending on programs exceeds or equals the income tax payment, it preferred that SMEs obtain fiscal incentives so that they reinvest their earnings to improve their accumulation cycle. The paper approach from a method of technical analysis of statistical data to measure the ratio of spending on public programs for SMEs and the amount that these companies pay income tax for the period 2009, 2014, and 2018 It is found that, under strict scenarios of sales margins, internal and global trend of GDP, as well as the state of current investment, the hypothesis is accepted for the years 2014 and 2018 spent on support programs for SMEs represented 2 and 1.2 times what SMEs paid as income tax. Which allows generating fiscal stimuli so that they can reinvest their profits and improve their accumulation cycle.

Keywords : SMEs, Public policy; taxes; investment; L11; G3; L53; H25.

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