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Show TAX ON OIL 1V1EETS F0RMALOBJECTI0N Producers Present Paper to Mexican Treasurer MEXICO CITY. Feb. J. Kormal objection ob-jection to the poveatimerit's projected !iw prorldlns; for the payment of oil taxes was presented to Adolfo de la Huerta, secretary of the treasury, yes terday afternoon by a corrmittee rep-rAsent!na;thaAsccTaTion rep-rAsent!na;thaAsccTaTion of Producer of Petroleum In Mexico. Assertion was rrtade by members of the committee commit-tee that it wis the most euergetlo protest pro-test as yet mfwle to the government by the association. The memorandum contained charges of "subterfuge" In the designation of the act and a declaration dec-laration "that companies which export petroleum are select to maneuvers which can be arbitrary on the part of officials or the employes of the secretary secre-tary of finance." It Is alleged the projected pro-jected legislation would levy exorbitant taxes wholly. out of proportion to the value of the product. Declaration by the government that the proposed law wouiu provide for a production tax, was denied by the protest which, asserted as-serted the only portion of oil production produc-tion affected by the tax would be that which includes crude petroleum.and Its products exported from Mexico. "Kxorbltstit increases in the tax to be levied on petroleum are provided for In the proposed law." said the memorandum. Kor - Instance, Panueo crude petroleum would beer a tax of 41 per cent of its total value, or foul out of every ten barrels; Tuxpajn crude would be taxed 28 per cent, or nearly three barrels out of ten, and fuel oil would bear 31 per cent tax, or one barrel bar-rel out of every three produced. Such a tax would ruin any business." It wss Stated semiofficially today the administration officials had combined com-bined to push the projected lew during the coming session of the Mexican congress, con-gress, snd It wss declared that President Presi-dent Obregon would urge a specific provision in the law stating that article arti-cle J7 of the constitution, which would nationalize oil deposits would not be retroactive. The president haj on several sev-eral occasions declared this was his view of article 27. j |