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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By KELIN DILLON According to the Mexican Center for Economic and Budgetary Research (CIEP), if the current tax subsidies provided to gasoline and diesel by the Special Tax on Production and Services (IEPS) are maintained, the Mexican economy will lose 554 billion pesos and experience 2.4 percent contraction in GDP in 2022 as a direct result of the policy. Given
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By KELIN DILLON Early in the morning of Wednesday, Oct. 27, Mexico’s Senate approved the country’s new Income Package for 2022 in a 66 to 44 vote, without making any changes to the initiative. Though opposition parties presented more than 400 potential issues with the initiative, majority senators from the in-power National Regeneration Movement (Morena) rejected their reservations one-by-one. The
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By KELIN DILLON On Monday, Oct. 18, Mexican President Andrés Manuel López Obrador’s (AMLO) 2022 National Income Package was approved by the Chamber of Deputies’ Economic Commission, including all its proposed reforms to the nation’s Income Tax Law (ISR). The package, which now passes to the full Chamber for passage, controversially proposes the registration of all legal Mexican adults over
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By KELIN DILLON Mexico City’s new single-use plastic ban has left women in the capital city in a rough position during their menstrual cycles, following the city’s temporary ban of tampons until their plastic applicators are replaced with more environmentally-friendly packaging. But while Mexico City’s women will undoubtedly suffer temporarily until the situation is resolved, it is nothing compared to
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By KYLIE MADRY Mexican President Andrés Manuel López Obrador (AMLO) once again sparked controversy, this time declaring his intention to ban outsourcing in Mexico during his morning press conference on Tuesday, Oct. 27. This is AMLO’s latest target in his war on corruption, with the president saying that outsourcing only allows businesses to skirt tax laws and avoid paying employees
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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
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