Mexico unveils plans to withhold taxes from Uber and other drivers

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Mexico unveils plans to withhold taxes from Uber and other drivers
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Mexico's Finance Ministry on Monday laid out plans to withhold taxes from d...

FILE PHOTO: The logo of Uber is pictured during the presentation of their new security measures in Mexico City, Mexico April 10, 2018. REUTERS/Ginnette Riquelme/File Photo

MEXICO CITY - Mexico’s Finance Ministry on Monday laid out plans to withhold taxes from drivers for ride-hailing and food delivery technology firms such as Uber Technologies Inc, Rappi and Cabify. Mexico’s government is looking to increase total tax take, arguing that it was too low relative to other Latin American nations and badly needed to increase public revenues.

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