Latam currencies drop, Brazil real pulls away from session lows leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Ana Martinez
1 minute read
Mexican Deputy Finance Minister Gabriel Yorio is seen during an interview with Reuters at the National Palace in Mexico City, Mexico September 9, 2020. REUTERS/Henry Romero/File Photo
MEXICO CITY, July 1 (Reuters) - Mexico could raise about $1.5 billion in revenue if a global minimum corporate tax were to come into effect, a top finance ministry official said on Thursday, as governments around the world negotiate an overhaul of the system.
After two days, most of the countries participating in talks hosted by the Organisation for Economic Cooperation and Development (OECD) have backed plans for new rules on where companies are taxed and a tax rate of at least 15%. read more
Mexico could raise $1 5 billion with global minimum corporate tax of 15% msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
1 Min Read
MEXICO CITY (Reuters) - Mexico’s public finances could handle higher interest rates, a senior finance ministry official said on Thursday as the country faces an uptick in price pressures that have taken inflation significantly above the central bank’s target rate.
“There’s scope to support, were it to occur, increases in interest rates without pressuring public finances,” said Ivan Cajeme Villarreal, head of economic planning at the ministry.
Villarreal was speaking at a news conference on public finances in which Deputy Finance Minister Gabriel Yorio said the recent rise in inflation did not appear permanent.