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Mexico: Seven multinational companies investigated over allegedly avoiding paying taxes

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23 January 2014

Mexico eyes seven multinationals in tax avoidance probe

Author: Luis Rojas and Alexandra Alper, Reuters

Mexico is probing seven multinational companies…to investigate whether they avoided paying their taxes amid an international crackdown…Oscar Molina, who lead audits of big companies at Mexico's tax collection agency SAT, said the seven firms, which cannot be identified for legal reasons, include Fortune 500 companies in the automotive, mining and retail industries. The majority are U.S. firms and are part of a pool of 270 multinationals that the agency has flagged for possibly skirting their tax obligations by shifting profits to countries with lower taxes despite having a big presence in Mexico…The companies are cooperating with the probe and are providing information on their tax structures to the agency, he said….The move is part of a Group of 20 nations (G20) effort…[that] could help boost the tax take in Mexico, which has the weakest tax revenues in the 34-nation Organization for Economic Co-operation and Development (OECD), due to elusion, evasion and a small tax base.

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+ Español - Hide

Author: Notimex (México)

El Servicio de Administración Tributaria (SAT) detectó 270 empresas trasnacionales que potencialmente realizan planeaciones fiscales agresivas, que consisten en trasladar a otros países o jurisdicciones las utilidades generadas aquí, para pagar menos ISR o, incluso, no pagarlo. El administrador general de Grandes Contribuyentes del SAT…precisó que esta cifra representa menos de 2% de las 16,000 empresas consideradas grandes contribuyentes, por lo que no puede afirmarse que es una práctica general de las trasnacionales. No obstante…el organismo fiscalizador realiza auditorías informales a siete empresas trasnacionales, para mandar un mensaje a aquellas empresas que no han sido detectadas…de que "vamos por ellas"…[y] apuntó que se trata de trasnacionales que venden en el mercado nacional, entre ellas unas dedicadas a la fabricación de jabón y papel de baño, así como de la industria automotriz y juguetera, a fin de revisar sus estructuras y determinar si realizan o no planeaciones fiscales agresivas…

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24 January 2013

Tax avoidance - an introduction

Author: compiled by Business & Human Rights Resource Centre

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