Mexico’s tax burden, equivalent to 17.7% of GDP, is below even the regional average, and has the lowest tax revenue among all OECD members; while billionaires hold a combined fortune of nearly US$300 billion.
The socialist party, which has 49 representatives in the Chamber of Deputies, proposed a tax on Mexico’s rich, who pay exceedingly low tax rates, to fund poverty reduction, housing, public education and social programs.
As the tax burden in Mexico is still disproportionately on the working class, pensions and social spending are simply a form of recirculating the working class’ own money, as opposed to having the wealthy contribute a fair share for societal benefit.
The ultra-right winger and tax evader fumes, but begins to pay his debt piece-by-piece, but with less punitive measures than his Grupo Elektra receives.
A five-day grace period which would allow the ultra-right winger a 39% discount on his nearly $3 billion USD tax debt has passed.
It is ironic, not to say cynical, that major tax evaders talk about the shortcomings in health services in their media outlets when the lack of resources is due, above all, to the multiple forms of tax evasion they engage in, writes ISSSTE Director Martí Batres.
The companies, who profit heavily from the exploitation of Mexican labour, seek to maintain significant fiscal advantages at the expense of the Mexican treasury after years of evading export taxes.
Woes are multiplying for the ultra-right winger Ricardo Salinas Pliego, who won’t have much to celebrate despite being a guest at US President Trump’s recent Christmas dinner.
One pending matter is the last tax case involving ultra-right winger Ricardo Salinas Pliego’s Grupo Salinas, involving 621.9 million pesos.
For decades, a neoliberal-captured Supreme Court allowed corporations to evade and defer massive tax debts to the Mexican state. Recent rulings suggest that era may be over.