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Mexico's Peña Nieto presents long-awaited reform

Monday, September 9, 2013


Mexican President Enrique Peña Nieto sent a long-awaited fiscal reform bill to Congress Sunday.

The reform seeks to modernize state oil company Pemex's fiscal system, and decrease the country's dependency on oil revenue.

Peña Nieto also proposed a 10 percent tax on capital gains made by the sales of shares in the Mexican stock exchange, as well as leaving out a controversial tax on staple foods and medicine.

 

Full story (in Spanish)