Holes in Pemex Fiscal Reform

MEXICO - Report 24 Sep 2013 by Mauricio González and Ernesto Cervera
Executive Summary In recent days several of the tax ideas contained in the fiscal reform proposals made by President Enrique Peña Nieto have become the focus of considerable discussion and criticism. These include the application of the VAT tax to school tuitions, an idea the Chamber of Deputies is likely to strip out of the bill with the support of even the governing Institutional Revolutionary Party (PRI). Another hot button issue is that of levying the VAT on all purchases/sales and rents/leases of housing and even on the interests paid on mortgages, an idea that the right of center Nati...

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