Mexico: Senate approves Pemex revenue-sharing with foreign companies
teleSUR English
2014-08-05
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Pemex, the Mexican oil company, will be ruled under new fiscal laws in order to lessen the government's dependency on it for revenues. However, the reduction from 71% to 65% doesn't seem to be enough. Foreign companies will now share in the revenues and receive tax incentives, just like before 1938. teleSUR
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