Business group proposes tax reform

Coparmex, one of the principal business leaders’ confederations, put on the table the outline of a tax reform.  As presented by Gerardo Gutiérrez Candiani, the president of Coparmex, the proposal includes:

  • A generalized value added tax of 15%, with only a limited basket of true necessities excluded from the tax
  • A unified income tax with a single rate of 25%, combining the current income tax and single rate corporate tax (IETU)
  • An end to the other exemptions and zero rate regimes

Gutiérrez said that this proposal was intended to spur discussion within the Business Coordinating Council, CCE, so that the business community could present a single, consensus proposal to Congress during the fall session.  (Reforma 7/20)

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