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Automakers Are Newest Target in Mexico Tax Chief’s Crackdown

July 19, 2021, 8:49 PM

Mexico’s tax chief wants to crack down on key incentives for global automakers to produce in the country, the government’s latest effort to boost revenue by going after large companies.

Raquel Buenrostro, the head of Mexico’s tax authority known as SAT, said in an interview her proposal is awaiting approval by the Finance Ministry, and is part of a package of measures to increase tax collection by 1% of gross domestic product next year.

A close ally of President Andres Manuel Lopez Obrador, Buenrostro has led efforts that made big companies, including Walmart de Mexico SAB, increase tax ...

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