UPDATE 1-Mexico won't hike taxes through 2018, barring shocks - Fin Min
MEXICO CITY Feb 27 (Reuters) - Mexico's government will not implement new taxes or increase existing levies during the rest of its term ending in 2018, barring substantial macroeconomic shocks, Finance Minister Luis Videgaray said on Thursday.
The government overhauled Mexico's tax system last year as part of a wider economic reform drive, and Videgaray said the government wanted to give reassure investors that the rules of the game will not change.
The government "will only propose modifications (to taxes) in response to substantial and extraordinary economic events that make tax adjustments inevitable", Videgaray said. "If there are no such events, the federal government will not propose adjustments to the tax framework."
Videgaray reiterated the government was also committed to deficit reduction, as stated in the budget.
- Scots vote on independence, United Kingdom's fate on knife-edge |
- Australian PM says police raids follow IS linked beheading plot |
- Chinese hacked U.S. military contractors: Senate panel
- China not warlike, says Xi, as border standoff dominates India trip
- IMF warns of risks from 'excessive' financial market bets