US EditionMexico’s Supreme Court rules against magnate’s $2.6B tax debt challenges
Mexico's Supreme Court denied seven of nine appeals from Grupo Salinas companies over $2.6 billion in tax debts amid government efforts to enforce collection.
- On Thursday, Mexico's Supreme Court rejected legal measures from Grupo Salinas companies challenging tax debts of more than $2.6 billion, ruling against seven of nine amparos and leaving two unresolved.
- With debts dating back more than a decade, President Claudia Sheinbaum's administration has pushed to collect from major tax debtors and her party recently reformed the amparo law.
- The court's composition — elected justices — matters because the newly constituted Supreme Court is the first with justices elected by voters, most with ties to the governing party, while Ricardo Salinas Pliego, TV, retail and banking magnate, says he is being targeted.
- The decisions cannot be appealed, but Grupo Salinas and Mexico's tax authority could negotiate a settlement, while two Grupo Salinas casinos were suspended this week over alleged money laundering, which the conglomerate denied.
- Grupo Salinas has signaled it may take disputes to international courts to avoid what it calls abusive double charges, while the amparo reform remains controversial and drew U.S. criticism.
63 Articles
63 Articles
The "chiquitos" fertilizers also reached the businessman Ricardo Salinas Pliego. The Supreme Court decided yesterday that Grupo Salinas will have to pay its tax debts that, until last September, amounted to 47,407 million pesos, including fines, surcharges and updates, according to the Attorney General’s Office of the Federation. In the next few hours the SAT will have to issue the final order of payment to TV Azteca and Grupo Elektra. The entre…
Breaking News, Sports, Manitoba, Canada
Mexico, Mexico. On Thursday, Mexico's Supreme Court gave a sharp setback to tycoon Ricardo Salinas Pliego, an opponent of the government and with presidential aspirations, by rejecting an employer's recourse to avoid paying at least $1.8 billion of unpaid taxes.Salinas Pliego, one of Mexico's richest men and owner of TV Azteca, sought that the country's highest court would endorse an appeal for amparo around a fiscal debt of some $33 billion (ab…
The Ministers of the Supreme Court of Mexico decided to dismiss the latest appeals filed by Grupo Elektra and TV Azteca to avoid paying taxes
The Mexican businessman definitely loses against the SAT after exhausting all national instances for debts of up to 17 years
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