The United States and Mexico will conduct bilateral investigations against tax fraud
After visiting the United States last week, and holding meetings with tax authorities, Carlos Romero Aranda, the federal attorney general, noted that the two countries had agreed to conduct bilateral investigations to combat tax fraud.
During his participation in the third international compliance conference, organized by Thomson Reuters, the official indicated that the meetings that took place were with the Internal Revenue Service (IRS), the federal body responsible for collecting taxes and FBAR from the United States. Likewise with the Ministry of Justice.
Cases of invoicing and outsourced contractors sending their resources to financial institutions in the United States are discussed. Necessary information was exchanged to follow up on optimal lines of investigation to combat impunity. The official explained that it was also agreed to conduct bilateral investigations due to the possibility of crimes committed in both countries.
He added that he was also determined to create international groups to combat tax evasion that could serve as a model for the entire Latin American region.
Another issue that was discussed with the authorities of the neighboring country in the north, he said, is the extradition procedures required to bring so-called “white collar criminals” who have fled to the United States to Mexico.
Romero Aranda noted that by paying taxes public spending is resolved not only in Mexico, but in other countries, which is why it is important to comply with this financial obligation to meet the needs of the population.
Therefore, he indicated that it is of paramount importance to tackle tax crimes, which damage the public treasury year after year and thus affect Mexican society by not having more resources to provide better facilities and services.
“This is how criminal tax reform arises, which seeks to strengthen mechanisms to combat tax fraud, allowing the state to effectively combat tax fraud, organized crime and corruption.”
Notably, in October the Supreme Court of Justice overturned rulings that classified smuggling, tax fraud and those relating to false tax receipts as threats to national security as unofficial pre-trial detention.
It is important to note that fulfilling our obligations is directed at meeting the basic needs of citizens. In recent years, the public treasury has been a victim of tax fraud strategies.”
Carlos Romero Aranda, federal tax attorney
Conventions in Washington
During his stay in Washington, Romero Aranda highlighted the collaboration with the United States Internal Revenue Service.
The exchange of information that exists between Mexico and the United States allows to reduce tax evasion on both sides of the border.
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