Navigating Mexico: Tax Evaders
Individuals earning over 400,000 pesos a year in salary or interest from funds generated inside Mexico as pesos are required to file
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Navigating Mexico: Interest Rates Never Looked So Good
In Mexico, Fitch predicted that Banxico will have to continue raising rates, since the fight against inflation is still far from over
Read moreThe Mexican Treasury’s Capricious Dolling out of Fines
OPINION By THÉRÈSE MARGOLIS There is no accounting for how Mexico’s Treasury Secretariat’s (Hacienda) Tax Administration Service (SAT) decides who to prosecute and who to let slide, other than the fact that, like all government offices directly under Andrés Manuel López Obrador (AMLO), it takes its orders from the president. On Friday, July 29, the SAT notified the internationally disgraced
Read moreMexico’s Opposition Parties Hang Tight for Next Election
OPINION By RICARDO CASTILLO For four Mexican opposition political parties, it is the lull before the storm, scheduled for Sunday, June 5, when elections for governor will be held in six states. For sure the leaders of those parties are keeping up the competitive spirit, claiming the candidates they support will come out victors, a hope contenders claim is wishful
Read moreMexico Suspends Gasoline Subsidies at Northern Border, Then Reinstates Them
By THE PULSE NEWS MEXICO STAFF After thousands of U.S. drivers were crossing into the country to fill up their tanks on Mexican government-subsidized gasoline, the nation’s Treasury Secretariat (Hacienda) on Saturday, April 2, announced that it will suspend gas subsidies along the northern border, effective immediately, at least through Friday, April 8. Two days later, Mexican President Andrés Manuel
Read moreThe Real Perpetrator behind the Murders of Mexico’s Journalists
OPINION By THÉRÈSE MARGOLIS On Thursday, Feb. 10, yet another Mexican journalist was murdered, the fifth so far this year, and the 50th since President Andrés Manuel López Obrador (AMLO) took office three years ago. Heber López, from the internet news site Noticias Web in Salina Cruz, Oaxaca, was shot dead in broad daylight as he left his office Thursday
Read moreSupreme Court Goes after Elecktra, Hank Rohn for Back Taxes
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
Read moreThe President’s Salary
OPINION By ALEJANDRO ENVILA FISHER Since Andrés Manuel López Obrador (AMLO) took office three years ago, no government official in Mexico, be it fe3deral, state or municipal, nor member of any autonomous bodies or the country’s federal judicial powers, is allowed to have a salary higher than — or even equal to — that of the president. However, since a
Read moreInterior Secretary Denies INE Request for Referendum Funds
By THE PULSE NEWS MEXICO STAFF One day after Mexico’s National Electoral Institute (INE) asked the Finance Secretariat (Hacienda) for 1.739 billion extra pesos to carry out the controversial and non-binding revocation of mandate, Interior (SeGob) Secretary Adán Augusto López Hernández on Thursday, Jan. 13, told the INE that it has no available resources to dispense to the institute. “In the
Read moreNavigating Mexico: What to Expect in 2022
OPINION By JUAN DE JESÚS BREENE Like everything else with an uncertain future, predictions for the year ahead are just that: prognoses that could or could not come to pass. That said, and with no crystal ball in hand, here are four broad predictions that most likely could be agreed upon by most in the Western Hemisphere for 2022: emerging
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