Tax increases blamed for drop in IMSS registrants

The increased tax burden brought on by fiscal reform resulted in the loss of 8,691 registrants in Social Security (IMSS) between December and February. It was the biggest drop in 14 years, according to the Private Sector Center for Economic Studies (Ceesp).

The number of people registered for the service typically drops every year in those months due to modifications by the government. The system of payment can become more complex and there is greater incentive to leave the system.

But increased taxes for businesses and individuals came into force at the beginning of the year.

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