Mexico's Secretary of Finance and Public Credit, Edgar Abraham Amador Zamora, has voiced concerns over the impact of 'huachicol fiscal' on public finances. This illicit practice, referring to tax evasion through smuggling and misrepresentation of goods, significantly reduces public revenue. The government is committed to combating these practices, regardless of the amounts involved, as reported by El Universal.
The Finance Secretary outlined plans to implement measures addressing this issue, including potential criminal charges for fiscal offenses. Despite a 10% increase in tax collection, these practices remain unacceptable. The federal government aims to reduce tax evasion, which represents a substantial financial loss.
Furthermore, the Mexican Senate is still pending ratification of the BEPS (Base Erosion and Profit Shifting) agreement. This international agreement seeks to curb tax evasion by multinational corporations that shift profits to tax havens. In March 2024, Tamaulipas witnessed the largest seizure of illegal fuel in Mexico's history, highlighting the scale of the problem. Ten million liters of smuggled diesel were confiscated, originating from a megaship from Texas, USA, as reported by El Economista.