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Mexican Sin Tax Hikes Urged, For Earthquake Fund

by Mike Godfrey, Tax-News.com, Washington

11 October 2017


The Mexican Government should increase taxes on sugary drinks and tobacco to raise funds for rebuilding homes destroyed by earthquakes in September, two advocacy groups have said.

The Inter-American Heart Foundation Mexico and Consumer Power want taxes on tobacco and sugary drinks to be increased to 75 percent and 20 percent, respectively, in line with World Health Organization (WHO) recommendations.

The tax proposal, presented to the Treasury and Public Credit Committee on October 11, is expected to raise an extra MXP25bn (USD1.3bn) per year. Reconstruction is expected to cost a total of MXP45bn.

TAGS: tax | sales tax | Mexico | Health tax

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