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Mexican President Announces Tax Overhaul
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The introduction of a tax on sugary drinks to fight a surging diabetes rate, setup of a universal social security system, unemployment insurance and tax reform by the Nieto administration in Mexico in 2013. Taxes on high income earners will increase from 30% to 32%, a capital gains tax of 10%, and closing of some corporate tax loopholes such as tax consolidation to offset losses in one subsidiary against gains at others, are part of the tax changes. The remarkable aspect of these changes is the Pacto de Mexico signed by the three major political parties, centre left and right, to provide Mexico a new competitiveness for the economy, eliminate monopolistic pricing, introduce testing of teachers in the education system, combat health risks such as diabetes, and the social reform of seting up a social security system that Mexico lacked. Nieto said in a televised address while being flanked by the leaders of three major parties- "the tax reform is a social reform." For the first time in decades Mexico is poised to compete in a global economy with a new spirit of change and renewal.
The setup of a universal social security system, unemployment insurance, and tax reform in 2013 by Mexico's Nieto administration
09/08/2013
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Mexican President Announces Tax Overhaul
Wall Street Journal 09/09/2013
President of Mexico Proposes Tax Overhaul
New York Times 09/08/2013
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An interview with Mexican President Enrique Peña Nieto - The Washington Post
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The Pacto Por Mexico, Dec. 2, 2012- a landmark event for Mexico and its northern neighbors
08/15/2013
WSJ's Juan Montes interviews the important politicians of three major political parties who made the landmark event for Mexico happen on December 2, 2012- the Pacto por Mexico. Politicians from the three major political parties, the PAN, the PRD in the opposition and the PRI in government under president Nieto, show remarkable courage to sidestep old rivalries and differences. For PAN which faced PRI opposition on similar reform efforts, it was about foregetting revenge. For the PRD leader Zambrano who helped create a moderate left party, it was about forging a new beginning and making the initial overtures to the president. President Nieto and economist Videgaray deserve credit for grasping the significance of the PRD's proposal for the pact and working hard to make it a reality. Mexico now has the opportunity to become the most dynamic economy in the Americas after the U.S. From the pain of 15 years of stalled politics betwen the left, centre and right parties emerged a new consensus for the way forward. An exceptional piece of reporting by Montes on a landmark event for the Americas at a time when more children of Hispanic origin are born in the U.S. than of any other ethnic group- building a Mexico of opportunity and access and bridging a large part of the opportunity gap with its northern neighbors.
Grouped Articles
How Mexico Ended Political Gridlock
Wall Street Journal 08/15/2013
Health Battle Over Soda Flares in Mexico
Wall Street Journal 08/28/2013
Mexico Girds for Education Standoff After Contentious Bill Passes
Wall Street Journal 09/03/2013
Mexican President Announces Tax Overhaul
Wall Street Journal 09/09/2013
President of Mexico Proposes Tax Overhaul
New York Times 09/08/2013
Energy Plans Derail Political Accord in Mexico
Wall Street Journal 11/30/2013
Enrique Pena Nieto, president of Mexico 2013-
01/20/2010
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Mexico, U.S. Leaders Try To Deepen Economic Ties
Wall Street Journal 05/03/2013
Mexico Girds for Education Standoff After Contentious Bill Passes
Wall Street Journal 09/03/2013
Mexican President Announces Tax Overhaul
Wall Street Journal 09/09/2013
Same Agenda, New Strategy in Mexico
Wall Street Journal 10/20/2013
An interview with Mexican President Enrique Peña Nieto - The Washington Post
Washington Post 09/30/2014
Mexico’s Midterm Elections Likely to Reflect President’s Woes
Wall Street Journal 06/06/2015
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