By JUAN DE JESÚS BREENE An incredible amount of buzz is circulating about the new soon-to-be bestseller “El Rey del Cash” (“The Cash King”), the tell-all book by journalist Elena Chávez, the former wife of César Yáñez, who was the long-time spokesperson and former right-hand of current Mexican President Andrés Manual López Obrador (AMLO). The book is set to go
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By JUAN DE JESÚS BREENE One of the first topics in most high school world geography classes is, “Why are some countries rich while other countries are poor?” The answer is a relatively simple one: a combination of its level of corruption, its geography, climate, whether it is landlocked, security of property rights, economic flow and, one of the most
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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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By MARK LORENZANA The immigration issue needs to be a joint effort between Mexico and the United States, U.S. President Joe Biden told his Mexican counterpart, Andrés Manuel López Obrador (AMLO), during their conversation at the Oval Office of the White House in Washington, DC, Tuesday, July 12. López Obrador urged Biden to adapt an aggressive program to resolve immigration
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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
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By MARK LORENZANA On Wednesday, June 8, Mexico’s Tax Administration Service (SAT) announced that it is extending until Jan. 1, 2023, the deadline for employees to submit their Certificate of Fiscal Situation or tax data to their employers, from the original July 1, 2022, deadline. In April of this year, the SAT imposed a new requirement for the issuance of
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By THE PULSE NEWS MEXICO STAFF During the first month of 2022, Mexico’s public sector fiscal deficit amounted to 64.533 billion pesos, the highest for a similar month in six years. This amount was 10.4 times greater than the deficit that was recorded in January 2021 and the highest that has been reported for the first month of the year
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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 JUAN DE JESÚS BREENE If you live and work in Mexico, April 30 is your date with destiny, at least in terms of fiscal inevitability. That is the deadline Mexico’s federal law gives you to file your taxes if your yearly earnings inside the country amount to 400,000 pesos or more. For most people, ´preparing a tax return —
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OPINION By KELIN DILLON Following a Twitter forum held over the weekend in defense of Mexican journalist Carlos Loret de Mola’s work and freedom of the press rights, Mexican President Andrés Manuel López Obrador (AMLO) – the main target of Loret de Mola’s fact-based reports – has come against the journalist once more in a public forum, taking to his daily
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