date:Jul 29, 2013
plans aim to improve Mexico's tax haul by about 4percentage points of gross domestic product (GDP), according totwo senior officials in Pena Nieto's Institutional RevolutionaryParty, or PRI.
That would yield nearly an additional $50 billion per yearfor Mexico.
Food and medicine are now subject to a zero rate of VAT, andthe plan currently foresees charging the levy on processedfoodstuffs in particular, with a range of staples like milk,eggs, beans and tortillas to be excluded from the tax, th