date:Jul 29, 2013
e earning lessthan 2 million pesos a year, was about 96 percent in 2010,costing more than 0.5 percentage points of GDP, according toMexican tax office data.
Experts estimate Mexico must boost its tax intake by 6 to 8percentage points of GDP, or about $100 billion a year, toreduce its reliance on oil revenues and fund increasedgovernment spending.
While in opposition during 12 years through 2012, the PRIopposed levying VAT on food and medicine when it was proposed bythe then ruling conserva