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Mexico City Unveils First Regulation On Uber In Latin America


Ron Burgundy
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The logo for Uber is shown on a vehicle in San FranciscoBy Max De Haldevang MEXICO CITY (Reuters) - Mexico City became the first city in Latin America to regulate Uber on Wednesday [uBER.UL], announcing rules that include a 1.5 percent ride levy, a yearly permit fee and a minimum vehicle value. The city government said vehicles used by Uber and other services such as Cabify would have to cost at least 200,000 pesos ($12,674). Each Uber vehicle will also need a 1,599 peso yearly permit that will be paid by the driver.




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