Tax Outlook

Via Mexico Institute, Bloomberg reports that the PRI is opposed to raising taxes, arguing that it would punish the poor. There's actually not a whole lot of detail about what the PRI does propose, but Manlio Fabio Beltrones said earlier this week that the PRI wants to eliminate the IETU corporate alternative minimum tax that is barely a year old, simplify the ISR corporate tax on profits, and even lower the latter tax. He also repeated the PRI's longstanding opposition to a VAT on food and medicine. Beltrones also said that somehow this will raise government revenue, but I don't see how. I guess the idea is that the simplification of the ISR will close loopholes and more people will be filing, but I'd like to see some independent analysis on that.