US EditionMexico's Supreme Court Rules Against Magnate's $2.6b Tax Debt Challenges
Mexico’s Supreme Court rejected seven tax challenges by Grupo Salinas, upholding debts over $2.6 billion from more than a decade ago, with two cases still pending.
- Thursday's ruling from the Supreme Court rejected legal measures from Grupo Salinas challenging over $2.6 billion in tax debts, with decisions final but negotiations possible.
- The debts date from more than a decade ago, and President Claudia Sheinbaum's administration has pushed to collect them, recently reforming the amparo law to limit delays.
- After the ruling, Grupo Salinas said it may pursue other international courts to avoid what it called abusive double charges and denied allegations linked to the suspension of two Grupo Salinas-owned casinos.
- The newly composed Supreme Court, the first elected by voters with many winning justices linked to the governing party, faced criticism from opposition political parties and the United States for its controversial reform.
- Salinas, who is a frequent critic of the current administration, is a high-profile billionaire magnate whose camp claims political targeting, while President Claudia Sheinbaum seeks to limit that argument.
44 Articles
44 Articles
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
The plenary of the Supreme Court of Justice of the Nation (SCJN) gave both setbacks to Grupo Salinas, when resolving 17 cases, all voted unanimously, against Grupo Elektra and Tv Azteca, of the businessman Ricardo Salinas Pliego.With these judgments (nine appeals for review, two impediments and six direct amparos under review) none of the judgments of judges and courts against Grupo Elektra and Tv Azteca, which force them to pay fiscal credits t…
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