SHCP acknowledges failure of ISCAS.

Internet Securities | August 6, 2003 | Copyright

MEXICO CITY, Aug 06, 2003 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The Treasury Secretariat (SHCP) finally recognized the failure of maintaining the Salary Credit Substitutive Tax (ISCAS) as part of the fiscal changes passed by Congress for 2003. Through the end of the year new alternatives to substitute ISCAS will be considered, added a SHCP official.Valentin Villa said that "it would be dishonest to maintain that tax as a legal disposition because more and more legal challenges would be lost."In that sense, Villa said that the SHCP would ...

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