Billions of pesos worth of tax debt forgiven by the federal taxation administration, SAT, have prompted criticism from a civil organization dedicated to government budget and policy analysis.
The organization’s findings have been published in a report called Fiscal Privileges, which says that SAT has cancelled the debts without providing any logical explanation to justify its actions, while withholding details about the individuals or businesses involved.
What Fundar was able to determine was that forgiving the tax debts has for the most part benefitted a small number of taxpayers, which it describes as “a worrying situation.”
Just in the last year, the tax authority forgave tax debts amounting to 15 billion pesos owed by 15 companies. Among them were several branches of the GEO corporation, Simec International, Industrias CH, Volkswagen, the National Polytechnic Institute (IPN) and Arnecom.
To read complete article click here.
more recommended stories
Mexico investigates 6 hysterectomies performed on women in a US migrant detention centre
Mexico is investigating claims that six.
Walmart’s new $42 million USD distribution center in Chihuahua will serve 58 stores in northern Mexico
Walmart recently opened a new omnichannel.
Man goes berserk and starts beating up elderly woman in a Campeche church (VIDEO)
CAMPECHE (September 23, 2020).- In an.
Germany confirms cases of swine fever in wild boar
HAMBURG (Reuters) – A further three.
Pablo Escobar’s nephew finds 17 million USD cash hidden in wall of drug lord’s house
Pablo Escobar’s nephew said he has.
8,900 students cannot enter university this year in Yucatan
MÉRIDA, YUCATAN (September 24, 2020).- More.
Mérida Centro gets an “extreme makeover”
Mérida, Yucatán (September 23, 2020).- The.
The peso begins the session with.
Police brutality in Mérida? (VIDEO)
An alleged 11-year-old girl was arrested.
Mexico Automotive Industry to surpass USD 40 Billion by 2024
Sep 21, 2020 (Market Insight Reports).