Mexico Government Ready to Dilute Tax Overhaul Plan Dave Graham and Miguel Gutierrez - Reuters
go to original October 13, 2013

To discuss the myriad of reforms taking place in Mexico, including energy and the country's taxation system, host Elaine Reyes is joined by Laura Carlsen, Americas Now political commentator. (cctvamericasnow)

MEXICO CITY - Mexico's government is primed to water down parts of a proposed tax overhaul that aims to boost the country's slender tax take, the head of the ruling Institutional Revolutionary Party (PRI) said last week.

President Enrique Pena Nieto aims to raise Mexico's anemic tax take by around $35 billion (21.9 billion pounds) by 2018, but political opposition and intense lobbying by business groups mean sections of his reform will be sacrificed to push it through Congress.

The government is ready to revise unpopular levies on private schooling and mortgages, said Cesar Camacho, chairman of the PRI.

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