The minimum wage in Mexico is now 70 pesos per day nationwide! That is about $5 US. And the current presidents wants it to go up to 140 pesos per day by 2018. Can the economy stand it?
US and Mexico Taxes for Americans Living in Mexico. If you have a fideicomiso, Mexican corporation, a foreign bank account in Mexico, or live in Mexico this blog will have data you need about the required forms 5471, 3520, 3520A, FBAR 114, 926, 8865, 2555, 1116, etc., which you may have to file if you live and work in Mexico.
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