Monday, October 19, 2009

Tax News

The PAN faces reality, and admits that the 2 percent tax is dead. The PRI aims to replace it with a basket of measures, including an increase from 15 to 16 percent in the border VAT, a 3 percent tax on telecom service (minus cell phones), and a tax on cash deposits above 15,000 pesos instead of the 25,000 floor in place today.

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