MEXICO: MEXICO CITY TELLS 11 MAJOR COMPANIES TO PAY THEIR TAXES.(Brief Article)

IPR Strategic Business Information Database | September 4, 2001 | Copyright

Mexico City's undersecretary of finance has warned 11 major companies that if they do not pay back the 100 million pesos (US$10.86 million) they owe in taxes, they could have their goods confiscated in order to cover their debts. The 11 companies include a branch of Sears, the U.S. retail giant and Gigante, the local super market chain. The 11 businesses were informed that if they immediately paid their tax debts, they would receive a 60% discount in fines and tax processing fees, according to the Reforma. In the first eight months of this year, Mexico ...

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