Category Archives: Companies

Multinational firm in tax-avoidance scheme to pay up

Reuters – Mexico’s tax collection agency (SAT) has reached a deal with a multinational company at the center of a tax-avoidance investigation, and the latter will make a ‘substantial’ payment soon. The company was not named, but Reuters reported that toymaker Hasbro, along with household product maker Procter & Gamble, were at the heart of the tax probe.

http://www.reuters.com/article/2014/12/22/mexico-taxes-idUSL1N0U229020141222

Regal Springs secures loan to expand tilapia operations

Undercurrent News – Regal Springs’ Mexican subsidiary, Acuagranjas Dos Lagos, has secured $10 million funding for an expansion to its tilapia operations. The project will help address increasing demand for tilapia in Mexico and in global markets, and help efforts to reduce pressure on wild fish stocks.

http://www.undercurrentnews.com/2014/12/18/regal-springs-mexico-subsidiary-secures-10m-for-expansion/