Even if the sale of Banamex takes place next year, they will have to pay taxes: López Obrador

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Mexico.- President Andrés Manuel López Obrador pointed out that even if the sale of Banamex is carried out when he is no longer in charge of the government, they must pay the corresponding taxes.

The president explained in the morning conference that currently it no longer works as before, that the operations of the stock market were exempt from paying taxes.

The president recalled that when Citigroup bought Banamex it was through a simulated sale on the stock market in order to avoid paying taxes, all with the complicity of the Vicente Fox government.

In the same way, López Obrador assured that Fox supported Fobaproa since he was a candidate, that is, he supported that the debts of bankers and a small sector become public debt.

The president clarified that when Fox was already in the presidency and the sale of Banamex to Citigroup was carried out, the Secretary of Finance at that time maintained that he would not participate in the purchase-sale process.

Four institutions authorized the operation and did not pay taxes, now being an example of acts of influence and immorality, it is a sign of influence, as stated by the president.

Finally, López Obrador assured that this type of operations on the stock market can no longer be done like this, without paying taxes, because the Constitution was modified, in such a way that even if the Banamex operation is carried out in this administration or at any time that it is perform will pay taxes.

The president did not rule out the possibility that the government could reach an agreement where it can acquire at least half of the bank and the other half can be offered to Mexican shareholders.

López Obrador pointed out that it is important for the government to have a bank because currently all the money in the budget is in commercial banks and commissions are paid for it.

With information from SPR

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