Mexico Tax Chief Vows to Milk More Big Companies in Crackdown
- Raquel Buenrostro says audits preclude need for tax reform
- Mexico raised $7B from big companies in first 8 months of year
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Mexico has plenty of room to keep boosting revenue by cracking down on often fraudulent tax schemes used by major companies, the head of the country’s tax authority said on Wednesday.
Raquel Buenrostro, head of the agency known as SAT, said government’s efforts to make taxpayers cough up their dues had boosted income by 2.4% of gross domestic product -- in line with additional revenue drummed up by a tax reform in the prior administration.