PULSE NEWS MEXICO Between March 21 and April 21, the new Felipe Ángeles International Airport (AIFA) registered a net loss of 22,902,811 pesos, according to Mexican government statistics. During its first 30 days of operation, the air terminal, located in Zumpango, in the State of Mexico (EdoMéx) reported revenues of 308,331 pesos. However, the cost of operating the AIFA during
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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
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By KELIN DILLON More than 23,000 trials pertaining to tax-related issues were carried out in Mexico during 2021, a significant increase from the pandemic-afflicted year of 2020, when only 11,871 trials of the same nature took place. However, considering the Federal Court of Administrative Justice (TFJA) was closed from March 18 to June 30, 2020, due to covid-19 pandemic health
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By KELIN DILLON On Wednesday, Feb. 2, Mexico’s Supreme Court (SCJN) ordered the autonomous National Electoral Institute (INE) to follow through with its mandate revocation consultation as far as the confines of its predetermined annual budget will allow it, and similarly created a protective shield for the INE’s General Council members from any criminal responsibility administrative action surrounding the process.
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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
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By KELIN DILLON A massive extra 68 billion pesos have been given to the construction of Mexico’s controversial Dos Bocas refinery in Tabasco during the first semester of 2021 — more than what was given to the country’s health sector during the same time period despite the deadly coronavirus pandemic. Data from Mexico’s Secretariat of Finance (SHCP) revealed the initially
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By KELIN DILLON Following his ratification as the head of Mexico’s Secretariat of Finance and Public Credit (SHCP), incoming Secretary of the Treasury Rogelio Ramírez de la O promised he would simplify the country’s tax structure in accordance with President Andrés Manuel López Obrador’s (AMLO) economic plan. “Small and medium taxpayers cannot meet their obligations with the complex and expensive
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By KELIN DILLON The elimination of Mexico’s Trust Fund for Natural Disasters (Fonden) by the country’s federal government has resulted in hundreds of public projects halting due to a lack of resources, despite their need for “priority and immediate attention.” The trust was eliminated by President Andrés Manuel López Obrador (AMLO) in November 2020, leaving a large number of the
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By KELIN DILLON After Mexican President Andrés Manuel López Obrador (AMLO) already handed his pet project the National Guard and 35 billion pesos at the beginning of the year, López Obrador decided to give them yet another 50 billion pesos on Monday, July 26, more than doubling their already-appointed budget. AMLO said the added funds will help the National Guard
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By THÉRÈSE MARGOLIS It doesn’t take much to earn yourself a “fiscal review” under the administration of Mexican President Andrés Manuel López Obrador (AMLO). In fact, just being from an opposition party is grounds enough for AMLO to sic his fiscal dogs on you, shove you in jail with no hopes of parole (and no tangible evidence against you) and
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