Tag Archives: Finance Secretariat

Mexican Tax Collector Exhausts Big Corporation Payouts

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By THE PULSE NEWS MEXICO STAFF Mexico’s Tax Administration Service (SAT) seems to have overharvested its big-corporation settlement program, leaving the Andrés Manuel López Obrador’s (AMLO) administration’s proverbial goose-that-lays-the-golden-egg revenue source quite literally overtaxed. According to figures from the Finance Secretariat (Hacienda), in the first 10 months of this year, the SAT collected just 148 billion pesos from audits of

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Morena’s Not-So-Different Propensity for Corruption

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OPINION By THÉRÈSE MARGOLIS Who says that corruption and nepotistic malfeasance are not well and alive and flourishing in Mexican President Andrés Manuel López Obrador’s (AMLO) leftist National Regeneration Movement (Morena) party? Certainly not anyone with an inkling of honest impartiality and nonpartisan fairness. Just this Wednesday, Nov. 24, the daily newspaper Reforma pointed out that the government of Mexico

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Mexican Treasury Plans to Send Accountants to Prison

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By THE PULSE NEWS MEXICO STAFF Mexico’s Treasury Secretariat (SAT) on Monday, Sept. 27, announced that it plans to imprison accountants who it considers to be accomplices of corporate fraud if they do not report fiscal irregularities within the companies they audit. The tax package for 2022 proposes a return of the figure of a mandatory tax judge. Under the

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Gloria Trevi, Husband under Investigation for Tax Evasion

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By THE PULSE NEWS MEXICO STAFF Mexican pop singer and international superstar Gloria Trevi and her husband, Armando Gómez Marínez, are currently under investigation by Mexico’s Financial Intelligence Unit (UIF) on alleged tax evasion charges, the Finance Secretariat (SHCP) announced Monday, Sept. 20. According to UIF, the couple is being charged with the tax evasion of more than 400 million

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Pemex Will Need $9 Billion for Refineries

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By THE PULSE NEWS MEXICO STAFF Mexican Finance (Hacienda, or SHCP) Secretary Rogelio Ramírez de la O will need to earmark at least $8.9 billion of federal funds for the state-run oil company Petróleos Mexicanos’ (Pemex) refinery division between 2022 and 2024 in order for the country to become self-sufficent in gasoline production, according to a study conducted by the

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Disgruntled IMSS Retirees Demand Lifetime Savings Returned

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By THÉRÈSE MARGOLIS When a then-30-year-old Rosario Hernández Jiménez first took a job as a biochemist for the Oaxaca branch of the Mexican Social Security Institute (IMSS) back in the early 1990s, she was impressed by the worker benefits her new position included. Not only did the IMSS provide her with full medical insurance (it is, after all, the nation’s

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Arrest Warrant Issued for Interjet Founder

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By THE PULSE NEWS MEXICO STAFF The federal Attorney General’s Office (FGR) has issued an arrest warrant for grounded Interjet airlines founder and entrepreneur businessman Miguel Alemán Magnani for the alleged crime of tax evasion for the sum of 66.285 million pesos, judicial sources reported Thursday, July 8. Aléman Magnani — grandson of former Mexican President Miguel Alemán Valdés (1946-1952)

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JP Morgan, Deutsche Bank Shutter Mexican Offices

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By THE PULSE NEWS MEXICO STAFF JPMorgan and Deutsche Bank will permanently close their representative offices in Mexico, according to a statement published by the Finance Secretariat in the Official Gazette on Wednesday, July 7. In February, Bloomberg News reported that JPMorgan, the largest bank in the United States, signed an agreement to transfer its local businesses to BBVA México.

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Tren Maya Tourist Train Construction is a Magical Mystery Tour

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By THÉRÈSE MARGOLIS It pretty much was to be expected: First, Mexican President Andrés Manuel López Obrador (AMLO) endowed the nation’s military with the gift of nonaccountability, meaning that it doesn’t have to report to anyone what it is doing or how much it is spending doing it. Then, he placed the construction and administration of his highly controversial Tren

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Herrera to Head Banxico, Reguerra de la O Takes Hacienda

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By THE PULSE NEWS MEXICO STAFF Mexican Finance and Public Credit (SHCP, or Hacienda) Secretary Arturo Herrera Gutiérrez was nominated by President Andrés Manuel López Obrador (AMLO) on Wednesday, June 9, to assume the role of  governor of the Bank of Mexico (Banxico), replacing the bank’s current head, Alejandro Díaz de León. Herrera must now be approved by the Mexican

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