Mexico mulls tax on miners as part of fiscal reform
October 1, 2009 by goldguru · Leave a Comment
Mexico’s Congress is considering a 4 percent tax on mining output as part of a fiscal reform package meant to boost government revenues during a steep recession.
But all the major mining companies in Mexico say the measure will stifle new investment and burden existing projects at a time when metals prices have slumped from record highs.
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