By THE PULSE NEWS MEXICO STAFF Mexico’s Supreme Court on Wednesday Jan. 19, determined that Grupo Elektra, one of the country’s leading financial and commercial services corporations, owned by businessman Ricardo Salinas, must pay 2.636 billion pesos in back taxes for a credit derived from alleged illegal deductions in the company’s annual income tax declaration for 2006. After nearly four
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By RICARDO CASTILLO Banxico Law Postponement The Mexican Chamber of Deputies on Tuesday, Dec. 15, announced it was postponing the debate on the Bank of Mexico (Banxico) Bill approved last week by the Senate until February. Deputies Chamber President Laura Rojas made the announcement on social media after the majority National Regeneration Movement (Morena) insisted on discussing and voting on
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By RICARDO CASTILLO Banxico Foresees -8.8 Growth for 2020 The Central Bank of Mexico (Banxico) presented three separate scenarios for the country’s 2020 economic growth, marking a drastic difference between the “benevolent” and the “drastic” potential outcomes. Banxico’s benevolent forecast said that the Mexican gross domestic product (GDP) would slump by “only” -4.2 percent, while the drastic one put the
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By RICARDO CASTILLO A Call to Civil Disobedience TVAzteca anchorman Javier Alatorre in the station’s nightly newscast “Hechos” (“Facts”)created a humongous scandal on Friday, April 17, after claiming the following: “As every night, Health Undersecretary Hugo López-Gatell led the (press) conference on Covid-19 in Mexico. But his figures and his conferences have become irrelevant. Furthermore, and to put it plainly,
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