Mexican update: Changes to tax-free mergers and demergers

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Mexican update: Changes to tax-free mergers and demergers

On January 1 2004 various reforms to the Mexican tax legislation were effective. The most significant changes approved by Congress were made to the Federal Fiscal Code (FFC), which was substantially modified. Almost all of the proposed substantive modifications to specific taxes were rejected so such taxes will remain in essence unchanged for 2004

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