Mexico could issue arrest warrants for suspected tax dodgers by September, a top prosecutor said, as the government ramps up an aggressive campaign to squeeze more revenue out of businesses and end years of what it calls weak tax collection.
A crackdown aimed at boosting state coffers in the country with the lowest tax take in the Organisation for Economic Co-operation and Development has already pushed retailer Walmart Inc’s Mexico unit and Coca-Cola bottler Femsa to fork over hundreds of millions of dollars.
The tough tactics are possible due to a reform implemented this year that classifies tax fraud over 7.8 million pesos as a serious crime. Under it, suspects can be arrested when charged and held in custody during proceedings. Romero said the timing of arrests would depend on courts and other authorities being able to re-open after Mexico’s pandemic lockdown.
He did not identify the cases closed or the company that reached an agreement. Walmart de Mexico’s corporate affairs director has said she did not have knowledge of a criminal complaint, after the company said it paid 8.08 billion pesos in an agreement with the tax authority over the sale of a restaurant chain.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Canadian firms warn over Mexico energy policy at dawn of trade dealAs Mexico celebrated a new trade deal with the United States and Canada on July 1, a group of Canadian energy investors warned their government that Mexico could already be violating the agreement for failing to respect contracts.
Read more »
Mexico may accept medical kit in barter for presidential jetMexico's government is considering a $120 million bid for a luxurious presidential jet after an unidentified prospective buyer offered to pay part in cash and part in medical equipment, a government official said on Monday.
Read more »
US border closures with Canada and Mexico to be extended another month, officials sayNonessential travel between the US and its two closest neighbors -- Canada and Mexico -- is expected remain blocked until at least late August amid spikes in confirmed coronavirus cases in large swaths of the US.
Read more »
Migrant Mother Given A Choice: Leave Her Newborn In U.S. Or Return To Mexico TogetherA Honduran woman fleeing violence in Mexico gave birth after crossing into the U.S. illegally with her family. Two days later, Border Patrol made her choose: Leave her newborn in the U.S. or to go back to Mexico together.
Read more »
Mexico registers 304,435 total cases of coronavirus, 35,491 deaths - health ministryMexico's Health Ministry on Monday reported 4,685 new confirmed coronavirus infections and 485 additional fatalities, bringing the country's totals to 304,435 cases and 35,491 deaths.
Read more »
Mexico sheds another 83,000 tax-paying jobs in JuneMexico shed another 83,000 formal tax paying jobs in June amid the coronavirus pandemic but the pace of losses slowed, according to data from the Mexican Social Security Institute (IMSS).
Read more »