US EditionMexico’s Supreme Court rules against magnate’s $2.6B tax debt challenges
Mexico's Supreme Court upheld $2.6 billion in tax debts against Grupo Salinas, rejecting seven of nine challenges amid government efforts to enforce tax collection reforms.
- On Thursday, Mexico's Supreme Court rejected seven of nine amparos filed by Grupo Salinas companies contesting $2.6 billion in tax liabilities, leaving two amparos unresolved.
- President Claudia Sheinbaum's administration has emphasized collecting from major tax debtors and reformed the amparo law to curb delays, while Grupo Salinas disputes longstanding tax liabilities dating from more than a decade.
- This week, authorities suspended two Grupo Salinas-owned casinos over alleged money laundering, a move the conglomerate denied, as Mexico's Supreme Court comprises justices elected by voters with ties to the governing party.
- Because the decisions cannot be appealed, Grupo Salinas and Mexico's tax authority could still negotiate, and officials said paying could unlock potential discounts for overdue taxpayers.
- Grupo Salinas signaled it may go to international courts to avoid what it called 'abusive and illegal double charges,' while critics of the amparo reform, including the United States, noted international concern.
55 Articles
55 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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