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Mexico passes 'junk food tax' reform

Friday, November 1, 2013


The Mexican Congress has approved a tax reform bill imposing new levies on junk food and soft drinks.

President Enrique Peña Nieto's project also aims to boost government revenue by increasing top earners' income tax.

The government says the extra cash will go on infrastructure and social security, but critics say it will hurt Mexico's sluggish growth.




Source: BBC News