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Article: SUPREME COURT UPHOLDS RIGHT OF CONGRESS TO IMPOSE TAX ON PRODUCTS MANUFACTURED WITH HIGH-FRUCTOSE CORN SYRUP.
- Article from:
- SourceMex Economic News & Analysis on Mexico
- Article date:
- July 17, 2002
CopyrightCOPYRIGHT 2002 Latin American Data Base/Latin American Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mexico's high court (Suprema Corte de Justicia de la Nacion, SCJN) handed another defeat to President Vicente Fox, ruling that the chief executive violated the Constitution when he suspended a 20% tax on products manufactured with high- fructose corn syrup as unconstitutional. The SCJN handed down its ruling in a unanimous decision in mid-July. The directive became effective on July 16.
The tax was part of the tax-reform package approved by the Mexican Congress in December 2001 (see SourceMex, 2002-01- 09). At that time, the Congress said the tax was also intended as a retaliation against the US for failing to meet its sugar-import commitments under the North ...