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ECLAC detects a large number of illegal flows into Mexico

Mexico.- According to a study conducted by the Economic Commission for Latin America and the Caribbean (ECLAC), Mexico, Costa Rica…

By admin , in news , at May 12, 2022 Tags: ,

Mexico.- According to a study conducted by the Economic Commission for Latin America and the Caribbean (ECLAC), Mexico, Costa Rica and Brazil countries in the Latin American region are Increase in illegal financial flows and notional foreign direct investment (FDI).

analysis done by Katyuska King MantillaPoint out that Brazil and Mexico are the countries that record the largest fictitious investments, i.e. capital movements that do not actually arise.

The ECLAC study reveals, “Brazil is the country with the highest percentage of FDI in the form of notional investments relative to its total volume, followed by Mexico, Argentina, Honduras and Paraguay.”

Read more: “Inflation is caused by the world’s central banks”: Ricardo Salinas Pligo

Document shows Latin American countries with highest proportion of fake FDI linked to transactions Luxembourg and the NetherlandsWith 23% and 12% respectively of the total received.

Meanwhile, with regard to trade, the study noted that Costa Rica and Mexico are the two Latin American nations that collect the most illicit financial flows. Specially, 48% of Mexican business is related to import over-invoicing and export under-invoicing operations or vice versa.

King Mantilla stressed that the illegal flows that exist in countries such as Mexico can give a distorted idea of ​​national gross domestic product (GDP) as well as traditional responses to macroeconomic problems.

“These illicit financial flows can modify the register of macroeconomic variables such as exports and imports of goods or services. Therefore, they may give a distorted view of GDP (Gross Domestic Product) and traditional responses to macroeconomic problems”, they tell.

For its part, the ECLAC warned about the alleged currency movement Which are actually done for the purpose of evading the payment of taxes or evading the rules of the countries.

Read more: Covid-19 affected more than 50% of Mexican population in 2021: ENIF

Furthermore, studies by the International Organization indicate that despite the fact that investments are added to the capital account of nations, it also means less income for governments, as hypothetical operations facilitate a reduction in income. tax contribution,

They are going to improve the economy in the Ahom; hold trading platform

ECLAC detects a large number of illegal flows into Mexico

2022-05-12 00:17:39