Monday, June 18, 2007

Mexico Bolsa Advances on Tax Plan, Led by America Movil: Chile Ipsa Slips

(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 Calderon will propose a flat 15 percent tax rate and a 2
percent fee on cash deposits in a bill to be presented this week.


Read more at Bloomberg Stocks News

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