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
Major American automakers ask Trump to stick with NAFTA
Most automakers have production and supply.
Priest accused of sexually abusing a 12-year-old child in Mexico City
A 58-year-old priest was arrested and.
Progreso Carnival: chaotic for most visitors and residents
“In addition to suffering a number.
Exemplary Yucatecan police officer accidentally drowns in a well
MÉRIDA, Yucatán.- Pedro Celestino Martín Sansores,.
Powerful 7.2 magnitude earthquake rocks Mexico City… again
A powerful magnitude-7.2 earthquake shook south.
San Diego and Tijuana keep building stronger commercial ties with new air cargo facility
A new air cargo park set.
Did you know that you can get health and life insurance for your dog in Mexico?
At present, there are several dog.
Former Mexican President Vicente Fox will present his new book in Dallas, Texas
According to the Dallas Morning News,.
National Indigenous Congress presidential candidate injured in highway accident
Indigenous presidential candidate María de Jesús.
Trump – Peña Nieto meeting planned for next few weeks: Mexican Foreign Ministry
A meeting between U.S. President Donald.