Mexican President Felipe Calderon has sent his long-awaited fiscal reform bill to the Mexican Congress for approval. If passed, it will impact important areas of the Mexican economy, including the gambling industry.
There is a broad consensus within Mexico on the need to reform the existing tax system. The system is complicated but ineffective given that Mexico has a tax evasion rate of 40 percent. In the last 18 years the average tax collection has been just 9.5 percent of Mexico's GDP, a low figure in comparison with other countries of the region or with countries with similar or inferior rates of per capita turnover.
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