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Report Highlights Low Mexican Environmental Taxes

by Mike Godfrey, Tax-News.com, Washington

18 February 2015


Mexico's revenue from environmental taxes is expected to account for only 0.3 percent of gross domestic product (GDP) and 2.1 percent of total tax revenues this year, according to the Center for the Study of Public Finance (CEFP) of the Chamber of Deputies.

The CEFP said that Mexico has the lowest environmental taxes relative to GDP of any Organisation for Economic Cooperation and Development (OECD) country.

By comparison, the tax burden in OECD members Italy, Finland, Denmark, the Netherlands, and Turkey ranges from three percent to 4.4 percent.

The report said that the low tax burden is as a result of tax breaks provided by the Government when oil prices were high. These had in fact resulted in a negative tax burden in previous years.

TAGS: environment | Finance | tax | Denmark | Netherlands | gross domestic product (GDP) | Mexico | environmental tax | Finland | Italy | tax breaks | Turkey | Study

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