(Bloomberg) -- Mexico's Bolsa index rose for a fourth
day on expectations that President Felipe Calderon has the support
to pass legislation that will boost tax collection and spur
government spending.
``The fact that there's growing consensus that a fiscal reform
is going to be submitted has investors optimistic,'' said analyst
Mauricio Brocado at Actinver SA in Mexico City, after El Economista
reported that Calderon will propose a flat 15 percent tax rate and
a 2 percent fee on cash deposits as part of a bill to be presented
this week.
Read more at Bloomberg Stocks News
day on expectations that President Felipe Calderon has the support
to pass legislation that will boost tax collection and spur
government spending.
``The fact that there's growing consensus that a fiscal reform
is going to be submitted has investors optimistic,'' said analyst
Mauricio Brocado at Actinver SA in Mexico City, after El Economista
reported that Calderon will propose a flat 15 percent tax rate and
a 2 percent fee on cash deposits as part of a bill to be presented
this week.
Read more at Bloomberg Stocks News
No comments:
Post a Comment