By KELIN DILLON On Tuesday, Dec. 14, Mexico’s Tax Administrative Service (SAT) revealed its new methodology to acquire owed taxes from debtors in 2022, with the newfound jurisdiction to seize assets from taxpayers’ bank deposits, properties, savings accounts, insurance investments, stocks, bonds and real estate as a form of repayment. Now, taxpayers will be held directly responsible for reviewing notifications
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By THE PULSE NEWS MEXICO STAFF Mexico now ranks in fifth place worldwide in terms of inflation, surpassed only by Argentina, Turkey, Brazil and Russia, in that order. Mexico’s inflation rate is expected to top 8 percent by the end of 2021. According to a Trading Economics report released this week, Argentina had the highest price increases this year, with
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By THE PULSE NEWS MEXICO STAFF Inflation in Mexico jumped dramatically in November to 7.37 percent, its highest level since January 2001, and financial analysts have raised their annual forecasts to close the year at 8 percent. In the second half of the November, the National Consumer Price Index (INPC) jumped to 7.7 percent, also its highest level since 2001,
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By THÉRÈSE MARGOLIS The underlying message at the Mexico-Korea Commercial Forum (Mexco) in Mexico City on Monday, Dec. 6, was loud and clear: Korea wants to reactivate long.-protracted talks to establish a bilateral free-trade agreement with Mexico. During the conference, which was cosponsored by the South Korean Embassy in Mexico and Mexico’s Council for Foreign Trade, Investment and Technology (COMCE)
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Between the Covid Pandemic and Mexico’s Economic Crisis
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By THE PULSE NEWS MEXICO STAFF Since the start of the year, some food prices in Mexico have doubled, and others have increased by as much as 148 pecent, according the the National Institute of Statistics and Geography (Inegi). The price of avocados has increased by 45 percent since January, while onion prices are up 44 percent and tomatoes are
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Merry Christmas!
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By THE PULSE NEWS MEXICO STAFF Mexico’s spiraling inflation rate will reach 7 percent by the end of the year, according a consensus of private analysts consulted by Citibanamex. This figure would represent an increase of 30 points compared to a survey carried out by the firm a fortnight ago, when those same analysts estimated that inflation would close this
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By THE PULSE NEWS MEXICO STAFF At the close of 2021’s third quarter, the share of Mexico’s economy that was informal increased by 14.16 percent, representing more than 31.4 million workers, according to the National Institute of Statistics and Geography (Inegi). That figures represents an increase of nearly 4 million more people added to the country’s informal economy this year.
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Why is Mexico Sinking?
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