Thursday, June 21, 2007

Mexico tax dodgers one step ahead of government

(Reuters) - Hoping to wean Mexico off oil dollars and generate cash for
infrastructure like hospitals, roads and schools, President
Felipe Calderon gave lawmakers a long-awaited bill on Wednesday
aimed at bumping up the country's miserable tax take.




Proposals include a plan to levy a tax of 2 percent on
monthly bank deposits of cash larger than a sum equivalent to
just under $2,000 -- a measure aimed at small businesses and
self-employed workers who keep transactions in cash.


Read more at Reuters.com Bonds News

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