Thursday, June 14, 2007

Mexican Peso, Bonds Advance on Expectations of Calderon Tax Collection Law

(Bloomberg) -- Mexican local-currency bonds and the
peso rose on expectations President Felipe Calderon will soon
send to congress his plan for boosting tax collections.

Agustin Carstens, Mexico's Minister of Finance, met with
opposition lawmakers this week to confirm their support for
Calderon's tax plan, El Universal daily reported today citing a
member of the finance committee in the lower house. The plan
will be submitted in coming days, according to the Mexico City
newspaper.


Read more at Bloomberg Currencies News

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