Mexico to evaluate need for tax reform after midterm elections

Mexico will this year evaluate the need for a tax reform, Finance Minister Arturo Herrera told Reuters on Thursday, saying the federal government was talking to states about their fiscal requirements to see if conditions exist for such a shake-up.

President Andres Manuel Lopez Obrador campaigned on a promise of no tax hikes or new taxes in the first three years of his government, a period which ends in December.

Herrera said the issue would be taken up after midterm elections in June. Mexico's tax revenue as a percentage of gross domestic product . . .