Summit Notebook

Exclusive outtakes from industry leaders

Audio – Mexico may need new tax reform over long term

April 1, 2008

finmin.jpgAs Mexico’s oil production gradually declines from peaks in 2004, future governments may need to come up with new ways to tax more products, like food or medicine, to keep healthy coffers, Deputy Finance Minister Jose Antonio Meade told the Reuters Latin America Investment Summit.
   Revenues from state oil firm Pemex currently bring government revenue to 20 percent of gross domestic product.

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