Mexico's Private Sector Angered by Junk Food Tax Hispanically Speaking News
go to original October 20, 2013

A refreshing new source of tax revenue (Bloomberg)

Mexico’s private sector railed against the inclusion in a federal tax overhaul bill of a last-minute 5 percent “junk food” levy, which was approved by the lower house finance committee.

“We’re urging legislators, in this process of adding amendments to the proposals, to avoid coming up with last-minute taxes,” the president of the Business Coordinating Council, Gerardo Gutierrez Candiani, said.

“The Mexican private sector is profoundly upset because we think (much of the tax overhaul) is not going in the right direction,” he added.

Business leaders have called for a tax overhaul that spurs economic growth and does not merely seek to raise revenue, Gutierrez Candiani said.

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