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Mexican business lobby fights tax reform

Thursday, February 13, 2014

A business chamber based in the northern Mexican industrial hub of Monterrey said it had presented 29 injunctions against a new tax reform.

In October, Mexico's Congress passed a fiscal overhaul pushed by President Enrique Pena Nieto that included higher income tax rates for the wealthy as well as new levies on junk food, soft drinks and stock market gains.

But critics said it forced higher taxes on those already paying, instead of going after the millions outside the tax system.

Source: Reuters