Date: April 28, 1965
To: WESTON BOURRET
From: FRANK G. SCHLEGEL
Sub: New Mexican Income Tax Law
Enclosed is ""Memorandum on Mexican Taxes 65-1"" dated January 4, 1965, prepared by Arthur Andersen & Co. , which gives a comprehensive summary of the new law. As an aid to understanding this new law it should be borne in mind that under their previous tax system incomes from various activities were classified into several categories and a schedular rate was applied to each category. The present system attempts to approach the U. S. system of standardizing the rate on ordinary income from whatever activity.
Please return the enclosed memorandum when it has served its purpose. FGS. FGS/ja Enclosure RECEIVED APR 28 1965
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