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
Read moreTag Archives: tax evasion
AMLO Proposes to Eliminate Proof of Tax Situation
By MARK LORENZANA Mexican President Andrés Manuel López Obrador (AMLO) said on Monday, June 27, that he will request Raquel Buenrostro, head of Mexico’s Tax Administration Service (SAT), to review the requirements on the submission of proof of tax status for taxpayers, in a bid to simplify procedures. López Obrador proposed that the SAT eliminate this requirement altogether, given the
Read moreMexican Tax Collector Exhausts Big Corporation Payouts
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
Read moreMexico Sans Financial Transparency on Global Scale
By KELIN DILLON According to the latest iteration of the Financial Secrecy Index, ranking the fiscal transparency of different global corporations and companies, Mexico sits at 80th out of the 133 countries on the list, placing the country firmly as one of the least financially transparent nations in the world. Mexico earned a 52.7 out of 100 points on the
Read moreInterjet Owner Allegedly Fled Mexico in January
By THE PULSE NEWS MEXICO STAFF Mexican businessman and founder of the budget Interjet airlines Miguel Alemán Magnani, for whom the Federal Attorney General’s Office (FGR) issued an arrest warrant on Thursday, July 8, for alleged tax evasion, apparently left the country in January and has not returned since. According to a statement from the National Migration Institute (INM), the
Read moreArrest Warrant Issued for Interjet Founder
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)
Read moreMexican Senate Shoots Down ‘Big Brother’ Surveillance Bill
By KYLIE MADRY A controversial proposal by Mexico’s Treasury Secretariat that would have allowed Tax Administration Service (SAT) auditors to take photos and videos during auditing visits was shot down by the Senate late Thursday, Oct. 30, after having slid through the country’s lower legislative house earlier in the week. The bill had caused worry among many Mexican taxpayers, especially
Read moreAckerman Plans to Throw Legal Book at Loret de Mola
By RICARDO CASTILLO Last week, Mexican journalist Carlos Loret de Mola ran on the website Latinus.us an article enumerating the nine real estate properties of Public Function Secretary Irma Eréndira Sandoval and her husband, National Autonomous University of Mexico (UNAM) law professor and National Electoral Institute (INE) candidate for councilor appraiser John Mill Ackerman. The exposé, to call it by
Read moreMexico News Roundup
By RICARDO CASTILLO Fake Invoicing Party Is Over Slowly but surely, Mexico’s Tax Administration Service (SAT) and the country’s fiscal attorney general are going after those who practiced what became during the past administration the most popular sport among businessmen: tax evasion. Fiscal Attorney General Carlos Romero announced his office was issuing culprits a warning salvo to straighten up their
Read moreMexico News Roundup
By RICARDO CASTILLO USMCA Is a Done Deal Happiness is a good trade deal. And a great Christmas gift for Mexican President Andrés Manuel López Obrador (AMLO) since it affords the country a potentially secure economic future once all of the minor hurdles have been cleared. The passage of the United States-Mexico-Canada Agreement (USMCA, or T-MEC, in Spanish), which was finally
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