Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Multinational Company at Heart of Tax Evasion Probe Will Pay

Mexico's tax collection agency (SAT) has reached a deal with a multinational company at the center of a tax-avoidance investigation, and the latter will make a 'substantial' payment soon, a senior official was quoted as saying on Monday.

"We have just closed a case with an iconic company," Oscar Molina, who audits large companies at SAT, told Mexican newspaper El Universal.

"The taxpayer ultimately accepted the regularization of its fiscal situation, and we'll receive a payment it has to make in the next few days and which will be substantial," Molina said.

Molina did not name the . . .

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