Mexican tax overhaul nears approval

The Mexican government's tax reform looked likely to pass the Senate without major changes after the main opposition party refused to continue debating the bill on Wednesday, arguing its concerns were being ignored.

The conservative National Action Party's, PAN, decision to abandon the debate should pave the way for many proposed amendments to the bill to be voted down, but also risks creating trouble for the government over energy reform.

The ruling PRI party is eager to prevent clashes with the PAN because it is counting on PAN support for President Peña Nieto's plans to open up the state-run oil industry in coming weeks.

Source: Reuters