A Mexico City government fund aimed at collecting 1.5 percent of revenue from car-hailing services such as Uber has still not been created, nearly a year after the metropolis became the first Latin American city to regulate rideshare apps, according to Reuters.
(Click here to see TYT’s exclusive story on attempts to regulate Uber in Merida, Yucatan.)
In July 2015, two years after Uber Technologies Inc [UBER.UL] entered Mexico City and upset taxi unions, the city government announced a deal to allow Uber and rivals such as Cabify to legally operate, with a share of their revenue destined for a specially created, though vaguely defined transport fund.
The Mexican capital, however, has yet to complete a register of the taxi apps’ fleets needed to set up the fund, according to public information requests filed by Reuters.
“At present, the creation of the fund for the Taxi, Mobility and the Pedestrian is still under way,” the Mexico City transport department said in one response.
There is no time schedule for the fund’s creation, and rideshare companies continue to operate in the meantime.
Still, neither the city’s transport nor the Finance Ministry had any record of any transport fund board meetings, or even who was on the board, according to public information requests.
Mexico City finance department officials declined to comment on the fund, directing questions to the transport department. The transport department said the fund was the finance department’s responsibility and directed questions there.
Luis de Uriarte, Uber’s Mexico spokesman, said the final details of the fund were being decided with the city’s finance department.
“Once that’s ready, we’ll make the corresponding deposit,” he said.
Uber and Cabify declined to provide figures on how much they should have paid into the fund. In March, Uber said it has 39,000 affiliated drivers in the country, and that the Mexican capital is its largest business in Latin America.
It is almost impossible to estimate how much the fund should have collected by now, experts say, as the privately owned rideshare companies declined to share data.
But Daniel Medina, a spokesman for the Taxistas Organizados de la Ciudad de Mexico, a local cab drivers’ union, estimated it could be as much as 45 million pesos ($2.38 million).
more recommended stories
Survey conducted by Yucatecan universities indicates that Premium Tourism has great potential
The study carried out by the.
AMLO expands plan for Yucatan tourist train
According to information published by the.
Bitcoin is big business and looking to get bigger
Bitcoin is one of the most.
Guide To The Best Mattresses in 2018
If you’re not waking up in.
Vacation in Mexico and Play At These Online Casinos
Millions of Americans head across the.
Saint Maximilian Kolbe sacrificed his life for his fellow man during WW2
On a day like today, 77.
Aeroméxico announces new route to Belize starting in November
Mexico, Aug. 13 (Notimex).- Aeromexico announced.
The appearance of sargassum on the coast causes concern in Yucatan
After several weeks of Yucatecans and.
Students of Quintana Roo will create apps to promote the Maya language
Quintana, Roo.- According to Ramón Briseño Dominguez,.
August brings massive influx of visitors to Progreso and the Animaya park
A large number of visitors can.