New Tax Law Boosts Profits For Mexican Airport Operator GAP
Mexican airport operator Grupo Aeroportuario del Pacifico (GAP) got a fourth-quarter boost in the form of a new flat rate business tax that powered a 71.5% increase in net income to MXN547 million (US$51 million). IETU (Impuesto Empresarial a Tasa Unica) provides for the gradual recovery of the...
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