Mexico's ruling party opens door to tax, energy changes

by espíritu del lago Sun Mar 03, 2013 8:59 am

PRI delegates at a congress in Mexico City voted to change the party's position on refusing to consider the imposition of a value-added tax on food and medicine, and giving the party scope to open up Pemex to more private capital.

Applying VAT to food and medicine is controversial because the burden would fall most heavily on the poor, about half the country's population. PRI lawmakers say a large chunk of any additional revenue generated must go toward helping the poor.

One option under discussion is applying a reduced rate of VAT on food and medicine. But even if the full rate of 16 percent were levied, it would only boost the tax take by about 1 percentage point of GDP.

Wow.. how did this juicy tidbit go unnoticed?

http://news.yahoo.com/mexicos-ruling-party-opens-door-tax-energy-changes-011904561.html

by joec Sun Mar 03, 2013 9:36 am

Just can't escape taxes no matter where you go. Taxes on food and medicine are totally ridiculous!!! Why don't they go after the Income Tax cheats in Mexico? Lots of them.

by lunateak Sun Mar 03, 2013 2:38 pm

One option under discussion is applying a reduced rate of VAT on food and medicine. But even if the full rate of 16 percent were levied, it would only boost the tax take by about 1 percentage point of GDP.

But it would sure help to keep the poor in their place....

by CheenaGringo Sun Mar 03, 2013 3:21 pm

From we have observed in our travels around central Mexico, application of the VAT seems to be a suggestion that many establishments choose not to apply. As a tourist/visitor, we do have the option of applying for a refund of any VAT paid but have never done so. In looking through our receipts from our most recent trip, it appears that we paid so little that the effort wouldn't be worth it. It seems that they need to crack down on those failing to charge the VAT when they should be to increase their tax revenues?

by B&T Sun Mar 03, 2013 4:01 pm

Let's be real, unfortunately, unless they implement taxes, Mexico will remain a poor and undeveloped country where no industry would be interested in investing. No one likes them, and unfortunately only the poor pay the most, but it's inevitable in the 21st century.

by seisdedos Sun Mar 03, 2013 4:54 pm

B&T wrote:Let's be real, unfortunately, unless they implement taxes, Mexico will remain a poor and undeveloped country where no industry would be interested in investing. No one likes them, and unfortunately only the poor pay the most, but it's inevitable in the 21st century.

Pure rubbish.

by hockables Sun Mar 03, 2013 6:04 pm

B&T wrote:Let's be real, unfortunately, unless they implement taxes, Mexico will remain a poor and undeveloped country where no industry would be interested in investing. No one likes them, and unfortunately only the poor pay the most, but it's inevitable in the 21st century.

I Like Them!! So does Sony, Nissan, Samsung, Ford, WalMart, Volkswagon, Microsoft, Costco, etc..etc...

Attracting Investers is a much better way to becoming a Rich & Developed Country...
Taking from the Poor and Giving to the Rich wuz the way The Sherriff Of Notingham did it...
and they Fragged His Ass

by seisdedos Sun Mar 03, 2013 6:14 pm

hockables wrote:
B&T wrote:Let's be real, unfortunately, unless they implement taxes, Mexico will remain a poor and undeveloped country where no industry would be interested in investing. No one likes them, and unfortunately only the poor pay the most, but it's inevitable in the 21st century.

I Like Them!! So does Sony, Nissan, Samsung, Ford, WalMart, Volkswagon, Microsoft, Costco, etc..etc...

Attracting Investers is a much better way to becoming a Rich & Developed Country...
Taking from the Poor and Giving to the Rich wuz the way The Sherriff Of Notingham did it...
and they Fragged His Ass

And HP and Acer and Alcoa and FedEx and Nypro and Dell and Fender.........not to mention the TransCanada pipelines like the one recently built from the new gas port in Manzanillo to Guadalajara.

That dude from Nebraska....er...Texas, sure knows his shit, don't he?

by viajero Sun Mar 03, 2013 6:24 pm

B&T aka Steve the weatherman, doesn't know shit from shinola.

by joec Sun Mar 03, 2013 6:56 pm

B&T wrote:Let's be real, unfortunately, unless they implement taxes, Mexico will remain a poor and undeveloped country where no industry would be interested in investing. No one likes them, and unfortunately only the poor pay the most, but it's inevitable in the 21st century.

You are 10,000% correct, except on one thing, Mexico is not "undeveloped", it is a developing or 'emerging" country.

Hacienda needs to go after Doctors, Lawyers, all Professional people, Hospitals, Clinics, Contractors, Developers, Builders, Super Markets, Retail stores, etc to make them start paying their 15% Income tax!!! Then you'll have a much better education system and better teachers.

by viajero Sun Mar 03, 2013 6:59 pm

Hey Seis,have you had a chance to get your "bullshit detector"re-calibrated,because it sure failed you in your assessment of the newbie Elita.

by CheenaGringo Sun Mar 03, 2013 7:06 pm

joec:

Have you ever stopped to consider your inability to enter into an educated adult conversation?

by seisdedos Sun Mar 03, 2013 7:08 pm

viajero wrote:Hey Seis,have you had a chance to get your "bullshit detector"re-calibrated,because it sure failed you in your assesment of the newbie Elita.

How so? Have you met the poster?

by joec Sun Mar 03, 2013 7:10 pm

CheenaGringo wrote:joec:

Have you ever stopped to consider your inability to enter into an educated adult conversation?

Have you ever stopped to think as the # 2 poster (only in numbers, not in intelligence) on this forum, that it's time for you to stop posting your BS.

by viajero Sun Mar 03, 2013 7:10 pm

seisdedos wrote:
viajero wrote:Hey Seis,have you had a chance to get your "bullshit detector"re-calibrated,because it sure failed you in your assesment of the newbie Elita.

How so? Have you met the poster?

Would you like to put some money on this?

by seisdedos Sun Mar 03, 2013 7:13 pm

How would you prove it?

by CheenaGringo Sun Mar 03, 2013 7:18 pm

joec:

Are you now in denial about being the #2 poster?

by viajero Sun Mar 03, 2013 7:32 pm

seisdedos wrote:How would you prove it?

Good question,I'll get back to you on that,but don't think you're off the hook.

by joec Sun Mar 03, 2013 7:39 pm

CheenaGringo wrote:joec:

Are you now in denial about being the #2 poster?

Sorry, my bad. I'm # 2 when you add joec to johninajijic (4,841). You're # 3 (4,631).

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