• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Ed Sheeran asked Patriots owner Robert Kraft for $2 million aid donation after Macklemore was dropped from his tour for pro-Palestine comments

2

Meet Warren Buffett's son Howard, a former sheriff, war photographer, and now, Berkshire's new chairman

3

Sydney Sweeney doesn’t just star in controversial ads. She helps engineer them

1

Ed Sheeran asked Patriots owner Robert Kraft for $2 million aid donation after Macklemore was dropped from his tour for pro-Palestine comments

2

Meet Warren Buffett's son Howard, a former sheriff, war photographer, and now, Berkshire's new chairman

3

Sydney Sweeney doesn’t just star in controversial ads. She helps engineer them
TechConnected Logistics

Why Regulation Over Uber Is Stuck in Neutral in Mexico City

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
June 16, 2016, 3:25 PM ET
The logo for Uber is shown on a vehicle  in San Francisco
The logo for Uber is shown on a vehicle in San Francisco, California May 7, 2015.REUTERS/Robert Galbraith/File Photo - RTSFS0GRobert Galbraith — Reuters
Google source logo
Add Fortune on Google for similar content.

A Mexico City government fund aimed at collecting 1.5% of revenue from car-hailing services such as Uber has still not been created, nearly a year after the metropolis became the first Latin American city to regulate rideshare apps.

In July 2015, two years after Uber Technologies entered Mexico City and upset taxi unions, the city government announced a deal to allow Uber and rivals such as Cabify to legally operate, with a share of their revenue destined for a specially created, though vaguely defined transport fund.

The Mexican capital, however, has yet to complete a register of the taxi apps’ fleets needed to set up the fund, according to public information requests filed by Reuters.

“At present, the creation of the fund for the Taxi, Mobility, and the Pedestrian is still under way,” the Mexico City transport department said in one response.

Get Data Sheet, Fortune’s technology newsletter.

There is no time schedule for the fund’s creation, and rideshare companies continue to operate in the meantime.

Still, neither the city’s transport nor the Finance Ministry had any record of any transport fund board meetings, or even who was on the board, according to public information requests.

Mexico City finance department officials declined to comment on the fund, directing questions to the transport department. The transport department said the fund was the finance department’s responsibility and directed questions there.

Luis de Uriarte, Uber’s Mexico spokesman, said the final details of the fund were being decided with the city’s finance department.

“Once that’s ready, we’ll make the corresponding deposit,” he said.

Uber and Cabify declined to provide figures on how much they should have paid into the fund. In March, Uber said it has 39,000 affiliated drivers in the country, and that the Mexican capital is its largest business in Latin America.

It is almost impossible to estimate how much the fund should have collected by now, experts say, as the privately owned rideshare companies declined to share data.

But Daniel Medina, a spokesman for the Taxistas Organizados de la Ciudad de Mexico, a local cab drivers’ union, estimated it could be as much as 45 million pesos ($2.38 million).

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Tech


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Tech


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.