UPDATE 3-No more 'white collar theft': Mexico orders end to corporate tax breaks [Reuters]
GRUPO FINC BANORTE S/ADR (GBOOY)
NASDAQ:AMEX Investor Relations:
gfgsa.com
Company Research
Source: Reuters
No more 'white collar theft': Mexico orders end to corporate tax breaks MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Monday his government will order an end to tax forgiveness for the country’s largest companies, saying $20 billion in exemptions given by his predecessors was akin to theft by gangsters. Of the firms that benefited from tax breaks totaling more than 400 billion pesos, 58 are listed on the stock exchange, said Mexico’s tax chief Margarita Rios-Farjat at the president’s regular news conference. Nearly a third of the companies listed on the benchmark S&P/BMV IPC received tax breaks, she said. Lopez Obrador did not reveal the identity of the companies. “It’s like white collar fuel theft,” he said, referring to the widespread stealing of gasoline from pipelines by organized crime that his government has tried to crack down on. “This mechanism has been abused and it will be eliminated,” Lopez Obrador added. In a statement, Alfonso Ramirez Cuel
Show less
Read more
Impact Snapshot
Event Time:
GBOOY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GBOOY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GBOOY alerts
High impacting GRUPO FINC BANORTE S/ADR news events
Weekly update
A roundup of the hottest topics
GBOOY
News
- Grupo Financiero Banorte, S.A.B. de C.V. reports Q3 results [Seeking Alpha]Seeking Alpha
- Banorte: Mexico's Banking Leader Is Available At A Deep Discount [Seeking Alpha]Seeking Alpha
- Carlos Hank González, Chairman of Grupo Financiero Banorte, receives the Most Honored Company award from Institutional InvestorPR Newswire
- Mexico stocks lower at close of trade; S&P/BMV IPC down 1.02% [Yahoo! Finance]Yahoo! Finance