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.
- On Thursday, Mexico's Supreme Court rejected legal measures from Grupo Salinas companies challenging tax debts of more than $2.6 billion, denying seven of nine amparos and leaving two unresolved; the rulings are final but negotiations may continue.
- The debts date from more than a decade ago, and President Claudia Sheinbaum's administration has emphasized collecting them, noting Salinas could get discounts if he chooses to pay under the recently reformed amparo law.
- Grupo Salinas said Mexico's tax authority has not specified amounts due and following the ruling Thursday, it may pursue international courts; it also denied allegations tied to suspensions of two Grupo Salinas-owned casinos.
- The newly voter-elected Supreme Court, with winning justices many tied to the governing party, follows a controversial reform opposed by opposition political parties and criticized by the United States.
- Amid political friction, Grupo Salinas, whose billionaire magnate is a critic of the administration, claims the court acted at the service of political power, not justice.
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Mexico's Supreme Court rules against magnate's $2.6B tax debt challenges
Mexico’s Supreme Court has rejected legal measures from companies led by Ricardo Salinas Pliego, challenging tax debts of over $2.6 billion. The court ruled against seven of nine legal remedies filed by Salinas' companies. The debts date back more than…
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…
Reforma
The Court dismissed the last resources of Grupo Elektra and TV Azteca to challenge 7 tax credits for 33,477 mdp.
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