Mexican States Looking to Revise Tax Sharing Agreement with the Federal Government as Businesses Protest Lack of Tax Relief Amid COVID-19
The governors of several Mexican states are reportedly looking to revise their long-standing tax sharing agreement with the federal government. Under the 1978 agreement, the federal government collects oil taxes and sales taxes from Mexico's states, with 80% of the tax revenue retained by the federal government and 20% reallocated to the states.
With the increased financial pressure being caus…
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