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Mexican president pressures Canadian miner in simmering tax dispute

Posted by ipso facto @ 23:12 on February 22, 2021  

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Monday urged a Canadian mining company in the country to pay outstanding taxes, saying it was hiding behind the threat of international litigation to shirk its obligations.

Questioned at a news conference about the tax burden on mining firms in Mexico, Lopez Obrador said there were Canadian companies that met all their fiscal obligations.

“However, this other company does not,” Lopez Obrador said, describing the miner as operating in Tayoltita in the northern state of Durango, without disclosing its name.

He appeared to be referring to First Majestic Silver Corp, which operates the San Dimas silver and gold mine in Tayoltita, one of its three working mines in Mexico.

https://finance.yahoo.com/news/mexican-president-pressures-canadian-miner-223254730.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.