Mexico’s Second District Judge in Commercial Insolvency Matters officially declared notorious Mexican airline Interjet as bankrupt and ordered the company’s assets to be put up for auction
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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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While founded with the positive intention of supplying low-income Mexican families with affordable food resources, Segalmex soon became embroiled in scandal
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Back in March of last year, when the gasoline subsidy was approved, the CIEP already warned that Mexico could lose as much as 554 billion pesos — 2 percent of the country’s gross domestic product (GDP) — as a result of the policy
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By MARK LORENZANA According to documents leaked by hacktivist group Guacamaya, the federal government of Mexican President Andrés Manuel López Obrador (AMLO) and the Armed Forces have at their disposal a “discretionary bag” worth 113 billion pesos from a trust fund of Mexico’s National Customs Agency (ANAM). Despite the promise of López Obrador to extinguish trust funds or “fideicomisos” under his
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By MARK LORENZANA The Mexican federal government on Thursday, Oct. 20, published a list of products that can be imported into the country duty-free as part of President Andrés Manuel Lopez Obrador’s (AMLO) move to combat inflation, and to curb rising prices that are affecting the basic basket of food items in Mexico. On the night of Wednesday, Oct. 19, a presidential decree was
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By MARK LORENZANA Mexico’s Secretary of Economy Tatiana Clouthier has resigned from her post, President Andrés Manuel López Obrador (AMLO) announced on the morning of Thursday, Oct. 6, in his daily press conference. “I regret to inform you that I received a letter from Tatiana, in which she tells me that she wants to resign from her post, but not
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OPINION By GUILLERMO VOGEL and PATRICK OTTENSMEYER U.S. and Mexican officials met in Mexico City on Monday, Sept. 12, to hold a second edition of the re-launched U.S.-Mexico High-Level Economic Dialogue (HLED). Created in 2013, the HLED has historically served as a forum through which both governments advance the strategic economic and commercial priorities for their countries. On the agenda
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By MARK LORENZANA The Mexican government has just created three new trust funds, or “fideicomisos,” despite a decree by President Andrés Manuel López Obrador in March of 2020 ordering the “extinction” of 109 trust funds to combat corruption. The beneficiaries of the three new discretionary trust funds created by the executive branch — without going through Congress — are the
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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
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