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Mexico lures international meetings with VAT repeal.

Publication: Business Travel News
Publication Date: 06-SEP-04
Format: Online - approximately 661 words
Delivery: Immediate Online Access

Article Excerpt
The January 2004 repeal of Mexico's value-added tax on international meeting and conference attendees has encouraged meeting planners to look south of the border for meeting sites. The repeal of the tax, locally known as the Taso Cero--zero tax--initiative, was part of Mexico's years-long effort to attract more international business travelers. Nine months later, insiders said the VAT repeal is providing a boost to Mexico's international meetings industry.

The repeal translates into savings of 10 percent for attendees headed to Cancun or Los Cabos, two of the country's most popular meeting destinations, and 15 percent in every other...



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