Back

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

TRACKING TRENDS

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.

End of preview - This article contains approximately 679 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.