The document highlights that the country suffers from “extreme” economic and social inequalities, since the richest 1%, that is, 1.2 million people, take 47 out of every 100 pesos of wealth generated.
Oxfman assures that the super rich Mexicans are the wealthiest in Latin America and the Caribbean thanks to the “slim effect”, since only the owner of Grupo Carso concentrates more wealth than half of the Mexican population —some 65 million people— and than another 14 thousand Mexican millionaires combined.
“No one in Latin America and the Caribbean is richer than him. Their wealth has grown since the start of the pandemic by 42%, equivalent to an additional $25.5 billion, at a rampant rate of $750 million a month, $25 million a day, or $1 million an hour, on average. His fortune has multiplied by five in the last 22 years, which is equivalent to 71,900 million dollars more since the year 2000 ”, details the NGO
Treasury consent
Oxfam added that in 2021, taxpayers with income above 500 million pesos per year only represented 0.03% of total tax collection and 13.6% of tax collection from individuals in 2021.
In that same year, the NGO added that large companies paid effective income tax rates (ISR) between 1 and 8% of total income, depending on economic activity, a level well below the 30% established by the law.
“The big losers they were the vast majority of people in Mexico. After almost three years of pandemic, the poverty levels in the country they reached 44 out of every 100 people in Mexico in 2020, while almost 9 out of every 100 people in the country were in a situation of extreme poverty until that year,” the report states.
Oxfam points out that the largest proportion of the collection comes from consumption taxes, such as the value added tax (VAT) or the special taxes on production and services (IEPS), which are regressive taxes since the poorest households pay more measured as a proportion of their total income.
The information contained in the Oxfam report claims to take as a reference the reports of the SAT, the OECD, Coneval and the organization México Cómo Vamos, among others.
