date:Jul 29, 2013
Mexico plans to boost itstax coffers by an extra $50 billion a year with an overhaul thataims to extend sales tax coverage, close tax loopholes andcould impose charges on capital gains.
Saddled with one of the weakest tax takes in Latin America,President Enrique Pena Nieto will present Congress with a planby September to substantially improve revenues, includingdivisive measures to apply value added tax (VAT) to some foodsand medicines, according to several people familiar with theplans.
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