Mexico also looks like it's heading down the road of fiscal suicide:
"...the president said the reform package, which he unveiled on Sunday night flanked by opposition parties, nonetheless included green taxes on fuel, a fat tax on sugary drinks and a stock market gains tax. The reform package has been presented as a decisive step towards funding universal social security and making the tax system fairer and clearer."
Appears that the policy reforms proposed will make the tax clearer (nothing is beyond taxes) and fairer (everyone is getting it in the tuckus). I wonder what happened to the wave of flat tax reforms, and why they have cratered so badly in the wake of the global financial crisis.
"...the president said the reform package, which he unveiled on Sunday night flanked by opposition parties, nonetheless included green taxes on fuel, a fat tax on sugary drinks and a stock market gains tax. The reform package has been presented as a decisive step towards funding universal social security and making the tax system fairer and clearer."
Appears that the policy reforms proposed will make the tax clearer (nothing is beyond taxes) and fairer (everyone is getting it in the tuckus). I wonder what happened to the wave of flat tax reforms, and why they have cratered so badly in the wake of the global financial crisis.
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