Word: mexico
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Dates: during 1930-1939
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Died. Genaro Estrada, 50, Mexican statesman and diplomat; of a heart attack; in Mexico City. Onetime head of the Mexican Foreign Office, Mexican Minister to Turkey, Ambassador to Spain, head of the Mexican delegation to the League of Nations, Señior Estrada in 1931 promulgated the Estrada Doctrine ("Doctrina Mexicana"). In direct opposition to the Monroe Doctrine, which had been incorporated into the League Covenant, the Estrada Doctrine proclaimed every Latin-American nation's exclusive right to be its own big brother...
...asked to pray and work. Pithy, ominous Mormon advice went out to all Church members from the First Counselor in the potent, three-man First Presidency-plump J. (for Joshua) Reuben Clark Jr., able lawyer, able onetime colleague and successor of Dwight Whitney Morrow as U. S. Ambassador to Mexico. Counselor Clark warned Mormons of the next depression, "more serious, affecting intimately far greater numbers of people than the one we are now finishing. To prepare for this coming disaster we must avoid debt as we would avoid a plague. Let us live within our incomes and save a little...
Unable to collect income taxes on the Mexican income of many U. S. firms which do business by direct mail or by traveling representatives (firms which maintain no offices in Mexico), the Mexican Government issued an order to its consuls all over the world: in addition to the previous 5% customs prepayment, let consuls collect a 3% income-tax prepayment, on the invoice value of every shipment granted a visa...
...headache. It fails to make any allowance for the fact that some transactions result in losses. It seriously affects contracts already made with Mexican buyers without expectation of the added cost. It will also result in double taxation for any concern which maintains an office in Mexico, since such offices already pay income taxes. According to the new decree, these offices will be entitled to a rebate, but U. S. exporters sniffed that the chance of getting money back from Mexico was like the chance of getting it back from the grave or the U. S. Treasury...
...Mexico City U. S. Ambassador Josephus Daniels, having complained to the Mexican Government, was informed that the tax could not be suspended or revoked except by the improbable consent of the Mexican Congress. But while exporters grumbled and protested, it was already apparent that Mexico like other governments which try to plug income tax loopholes was not going to be 100% successful. Foreign sellers promptly treated the tax like an import duty, added 3% to their invoice prices, thus passed the bulk of the new tax to the down-trodden Mexican who will eventually buy their products...