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PRESIDENT, SENATE FORM PANEL TO PROPOSE REFORMS TO OUTDATED TAX SYSTEM.
SourceMex Economic News & Analysis on Mexico, August, 2003
President Vicente Fox's administration and the major political parties have created a 19-member panel to draft a preliminary plan to overhaul Mexico's outdated tax code. Participants in the panel include members of the three major political parties, representatives of the Secretaria de Hacienda y Credito Publico (SHCP), chief central bank governor Guillermo Ortiz Martinez, and several economists and academics.
One goal of the panel, over which the Senate will preside, is to develop a blueprint with concrete proposals for the Congress to consider in the next legislative session. "We are targeting the creation of a new comprehensive tax reform by Sept. 30 at the latest," said Sen. Fauzi Hamdan, a member of Fox's pro-business Partido Accion Nacional (PAN)....
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