Walmart's Mexico unit pays scaled-down tax of $358 million after government talks

Walmart de Mexico paid $358 million in taxes after talks with the Mexican government over an even larger sum authorities had aimed to charge the retailer for the sale of a restaurant chain, the company said on Monday. The pact comes as President Andres Manuel Lopez Obrador seeks to tighten tax enforcement in a country with the lowest take in the 36-nation Organization for Economic Co-operation and Development. On Monday, Lopez Obrador said collection was up this year from the first five months of 2019.

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