Tax Overhaul to Dull Mexico's Export Edge

Maquiladoras, or manufacturers in Mexico focused on exports, were on a roll this year. Barely a week went by without a major shipper announcing its plans to set up shop or expand operations in Mexico. Then the government stepped in. Through a $14 billion tax plan, maquiladoras face a value added tax of 16 percent that kicks in 2015 and an income tax rise from 17.5 percent to 30 percent, starting next year