FEMSA sees government tax proposal hurting beer industry
* FEMSA sees beer price hike of 11 pct if tax plan passes (Adds Borrego quote, background, details throughout, byline)
MEXICO CITY, Sept 29 (Reuters) – Mexican brewer and bottler FEMSA would be forced to raise its beer prices by 11 percent if a government plan to raise taxes is approved, Genaro Borrego, the company’s head of corporate affairs, said on Tuesday.
“It’s an excessive proposal,” Borrego said. “The proposal would mean that for every peso of beer sold, 50 centavos would go to the tax man.”
