[NYTr] Mexico: Calderon Willing to Reconsider Tax Reform Proposal
 
Date: Tue, 10 Jul 2007 14:03:17 -0500 (CDT)


Via NY Transfer News Collective  *  All the News that Doesn't Fit
 
Prensa Latina, Havana
http://www.plenglish.com

Mexican President could rectify his tax reform

Mexico, Jul 8 (Prensa Latina) Mexican President Felipe Calderon has
admitted to be willing to rectify the tax reform proposal presented by
his government in mid-June, which is being discussed in the Deputy
Chamber of the parliament.

Calderon asserted the bill aimed to increase tax collection in order to
stop and reduce inequality and poverty of most Mexicans, is subject to
revision, because there is no will to improve the proposal.

The president said poverty will not be eradicated only with
philanthropic actions, and in this stand, he gathered the support of
Mexican businesspeople and politicians to achieve approval of the tax
initiative.

The government proposal has been criticized by business sectors and
opposition political parties that consider it incomplete and
discriminatory, because it imposes taxes on the emergent economy while
benefiting large monopolies.

Partido de la Revolucion Democratica legislators and leaders said the
reform should apply higher taxes to those who have more, and release
public funds from its dependence on oil income.

ef iom ls

PL-5
       
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