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Perez faces skirmish with Guatemala private sector

Wednesday, November 9, 2011

Otto Pérez has yet to be installed as president of Guatemala, but the winner of last weekend’s election is already facing its first conflict with the private sector because of his plan to raise income taxes to pay for his campaign pledges.

The reform would generate $1.28 billion a year for the Pérez administration but it has to be approved by a year-end deadline.

The need to cover a $1.85 billion budget deficit has obliged Pérez’s party to back a proposal that it opposed when it was introduced by President Álvaro Colom.

Original source (in Spanish): El Periódico