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WTF? Mexico taxes cash...lol

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Old Mar-27-2008, 09:32 AM   #1
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WTF? Mexico taxes cash...lol

" The Federal Government, in an effort to diminish informal economy, has enacted a new tax, called the IDE Law, which will become effective July 1, 2008.
Under the IDE Law, monthly cash deposits made with credit institutions on any type of account in excess of $25,000 pesos will be taxed at a rate of 2%, which is intended to impact on those having cash receipts."


They said..."in an effort to diminish informal economy"

Shit thats what everyone loves about the place
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Old Mar-27-2008, 09:34 AM   #2
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im not sure but it would seem this has something to do with the cartels in some way or another.
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Old Mar-27-2008, 10:28 AM   #3
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25,000 pesos?? What is that, like 5 bucks... Better start checking their mattresses...
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Old Mar-27-2008, 10:34 AM   #4
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Quote:
Originally Posted by Got Wasabi View Post
25,000 pesos?? What is that, like 5 bucks... Better start checking their mattresses...
more like 2500 bucks
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Old Mar-28-2008, 12:08 AM   #5
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Cool, now the Mexican Gov. wants to get into the money being made from alien smuggling. Nice......
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Old Mar-28-2008, 06:52 AM   #6
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Is this listed under NASDAQ Commodities? How much per share? Gotta get mine

ILGL
is the abbreviation.
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Old Mar-28-2008, 07:10 AM   #7
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Time to buy stock in Mexican mattress and wallet manufacturing...
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Old Mar-28-2008, 07:30 AM   #8
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it wont be long before they try to make us go paperless too.
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