Mexico Can Tax the Super-Rich & Combat Inequality, Argues Jayati Ghosh
Speaking at UNAM, the economist said extreme wealth weakens democracy and deepens inequality.
Taxation
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It’s Time to Tax Extreme Wealth in Mexico & Latin America
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.
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Mexico’s Workers Party Proposes Wealth Tax
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.
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Oxfam: Billionaires Contribute Only 21 Cents per 100 Pesos of Tax
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.
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Debt on the Installment Plan: Salinas Pliego Pays $10B MXN; $22B in Installments
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.
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Salinas Pliego Did Not Pay Tax Debt, Still Negotiating
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.
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Tax Evasion Affects the Health Sector
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.
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Supreme Court Tax Rulings Concern Samsung & Maquiladoras
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.
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Grupo Salinas Must Pay 51 Billion Tax Bill in January
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.
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Mexico’s Elected Supreme Court Must Resolve 69 Tax Disputes Within Two Months
One pending matter is the last tax case involving ultra-right winger Ricardo Salinas Pliego’s Grupo Salinas, involving 621.9 million pesos.
