On November 13, Mexico’s Supreme Court ruled against billionaire Ricardo Salinas Pliego’s challenge to an unpaid tax bill of nearly $3 billion. It was another victory in the ruling left-wing Morena party’s crackdown against corporate tax evasion, which began under former president Andrés Manuel López Obrador (AMLO) and continues under his successor, President Claudia Sheinbaum. The Mexican government’s willingness to crack down on billionaires like Salinas has been a factor in Morena’s enduring popularity, in stark contrast to the continued sway of oligarchs north of the border.
Read Full Article »
