The tax administration recovers 28 billion pesos from corporate tax evaders

Federal tax authorities have recovered 27.83 billion pesos (US$1.3 billion) from corporate tax evaders this year.

Among the companies that have paid their debts to the Federal Tax Administration (SAT) are América Móvil, a telecommunications company owned by billionaire businessman Carlos Slim, Walmart, IBM and Femsa, the largest bottler of Coca-Cola in the world and the operator of the OXXO convenience store. chain.

América Movil paid 8.29 billion pesos in tax debt it accrued between 2016 and 2019, while Walmart coughed up 8.08 billion pesos it owed in connection with the sale of the Vips restaurant chain.

Femsa settled a tax bill of 8.79 billion pesos while IBM reached an agreement with SAT to reimburse 669 million pesos.

Another two billion have been poured into government coffers by smaller, lesser-known companies that are not listed on the Mexican Stock Exchange. Under agreements with federal authorities, companies were required to publicly announce that they were guilty of tax evasion, according to the newspaper. the universal reported.

Simec Inernational, a steelmaker, admitted his guilt in a notice published earlier this year in a national daily. He also urged other businesses to comply with their tax obligations and approach the authorities to dispel any doubts they may have.

Other companies that have done the same include steelmakers Orege and Siderúrgicos Noroeste and manufacturing company Sigosa.

President López Obrador last week credit requested to recover tax debts owed by large companies.

“The [economic] model we are applying is delivering results and benefiting everyone,” he said.

Data from the Department of Finance shows government tax revenue was above 2019 levels in January, February and March.

However, it fell below 2019 revenue in April, the first full month of federally mandated social distancing to limit the spread of the coronavirus.

Source: the universal (sp)

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