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 Business News | July 2007 
Mexican President Could Rectify His Tax Reform
 Prensa Latina
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 |  | The government proposal has been criticized by business sectors and opposition political parties that consider it incomplete and discriminatory. |  | | Mexico City - Mexican President Felipe Calderon has admitted to be willing to rectify the tax reform proposal presented by his government in mid June, and is being discussed in the Deputy Chamber of the parliament.
Calderon asserted the bill aimed to increase tax collection in order to stop and reduce inequality and poverty of most Mexicans, is subject to revision, because there is no will to improve the proposal.
The president said poverty will not be eradicated only with philanthropic actions, and in this stand, he gathered the support of Mexican businesspeople and politicians to achieve approval of the tax initiative.
The government proposal has been criticized by business sectors and opposition political parties that consider it incomplete and discriminatory, because it imposes taxes on the emergent economy while benefiting large monopolies.
Partido de la Revolucion Democratica legislators and leaders said the reform should apply higher taxes to those who have more, and release public funds from its dependence on oil income. |
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