Taxing Issues

To read the full article, please choose one of the following options:

Pressure in mounting in congress to consider extending recent economic reform to the state oil company Pemex , which, despite rising income from elevated global oil prices, is increasingly becoming a liability as production levels continue to fall with the decline of its major Cantarell field. Pemex's tax bill grew to MXN590.0bn in 2006, adding considerably to government revenues.