Weekly Report - 20 April 2017 (WR-17-15)

MEXICO | Repatriation of assets. On 18 April, Mexico’s tax authorities (SAT) reported that thanks to its concessionary tax scheme designed to promote the repatriation of assets held by Mexican nationals abroad, M$3bn (US$161m) have already been successfully repatriated and deposited in the local financial system. The government launched the undeclared asset repatriation scheme in January, saying that its aim was to boost the tax take and attract investment following the example of other countries such as Argentina, which launched a similar scheme last year and succeeded in repatriating billons of US dollars in undeclared assets.

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