Pena Nieto Proposes New Tax Plan to Help Mexico's Poor Southern Region Martin Markovits - CCTV
go to original November 14, 2015

Mexico wants to make its southern areas more economically viable with the help of a new tax plan, but the question is whether the government will be able to invest what’s needed to bring prosperity in the face of chronic poverty.

Mexican President Enrique Peña Nieto has big plans for Mexico’s southern region which is an area long plagued by the highest poverty rates in the country.

With help from the World Bank, the plan would streamline regulations and offer businesses tax breaks and telecommunications projects. The legislation still needs approval from lawmakers and would not go into effect until 2018.

With no guarantees, local artisans remained skeptical. Despite the government’s good intentions, they worry the president’s plan could fall flat.

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