Walmart Mexico pays Mexico about $359 million in back taxes

Walmart de Mexico says it has paid the Mexican government about $359 million in taxes due on its 2014 sale of a restaurant chain known as VIP's after tax authorities demanded it

The payment appears to mark a victory for President Andrés Manuel López Obrador, who has railed against what he claims is tax evasion by big companies.

López Obrador has played hardball with companies before. In 2019 he forced gas pipeline companies to renegotiate contracts he said cost too much.