BUSINESSWEEK ONLINE : JULY 24, 2000 ISSUE
INTERNATIONAL BUSINESS How Mexico Could Boost Tax Revenues BROADEN THE TAX BASE Turn citizens and small businesses in the underground economy into taxpayers by providing incentives, such as access to government-backed loans and bonus payments to open personal pension funds. VALUE-ADDED TAX Exemptions for food and medicine may be eliminated. CORPORATE TAXES May be modified to encourage Mexican and foreign companies to reinvest profits in Mexico rather than send them to home offices or offshore bank accounts. Loopholes that allow companies to lessen their tax burden could be eliminated. INVESTMENT INCENTIVES Tax breaks may be offered to companies willing to create jobs by investing in poor, undeveloped states such as Chiapas, Guerrero, and Oaxaca. REDUCE EXEMPTIONS Eliminate special-interest exemptions granted over the years, including tax deductions on such items as corporate automobile leases. DATA: BUSINESS WEEK, COPARMEX, CONSEJO COORDINADOR EMPRESARIAL, CENTRO DE INVESTIGACION Y DOCENCIA ECONOMICA, FOX ADVISERS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP					RELATED ITEMS Tax Reform: Mexico's Fox Is Pushing the Case TABLE: How Mexico Could Boost Tax Revenues ONLINE ORIGINAL: Q&A with Mexico's Luis Ernesto Derbez INTERACT E-Mail to Business Week Online

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