This story has rotated off the live feed but the permalink stays available for sharing and search.

news La Jornada Opinion 2026-05-16

Millions in Mexican Wealth Held Offshore, Fueling Tax Evasion Concerns

A significant portion of Mexican wealth, equivalent to 9% of the country's GDP, is held offshore, primarily in Switzerland. This offshore wealth, totaling approximately 3.267 trillion pesos, suggests a deliberate effort by wealthy citizens to evade taxes rather than a response to domestic legal or economic instability.

Support Your Local Toad

The Pesky Toad is free and ad-light. If you find it useful, toss a few pesos in the tip jar to help keep the servers running and the satire flowing.

$

MXN · Minimum $10