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IPFS News Link • Mexico

Mexican Senate Approves Tax on Junk Food

•, By Derrick Broze
 On Thursday the Mexican Senate passed a measure that will implement new taxes on a number of items including junk food and soda. The measure was supported by President Enrique Pena Nieto and includes an 8 percent tax on high-calorie foods and a one peso ( 8 US cents) surcharge per liter of sugary drinks, and increases the maximum income-tax rate  for those earning three million pesos ($230,000) or more per year.