Business leaders object to tax plan

Some of the leading business leaders and business groups also criticized the government’s tax plan.  José Antonio Fernández, the chairman of beer and soft drinks producer Femsa, was quoted (using what El Universal called ‘unusually strong’ language) as saying, “The easy decisions are to collect more from those who already pay a lot in taxes, and not to try to collect from those who never pay or who don’t want to pay. … Sincerely, Mexico needs the difficult decisions that many people for many sexenios or for many years have not risked taking.” The CEESP business think tank said that special tax regimes and exemptions cost the government Ps. 500 billion per year, or 4% of GDP, in potential revenues. (Universal 9/18, CCE)

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