The Supreme Court grants protection to Salinas Pliego to avoid paying 645 million pesos in taxes

Ricardo Salinas Pliego, the third richest man in Mexico, has won a battle against the Mexican treasury.

The second chamber of the Supreme Court of Justice has granted direct protection to one of the magnate's companies, Total Play, an appeal through which it pays 645 million pesos for alleged tax omissions in 2011. With three votes in favor and two against, the highest court determined that the Mexican magnate did not improperly apply deductions.

Judges Javier Láynez Potisek, Yasmín Esquivel and Alberto Pérez Dayán voted in favor of granting protection to the Salinas Pliego telecommunications company and only two ministers, Luis María Aguilar and Lenia Batres, spoke out against the project: “Against the deduction of more than 600 million pesos for the company Total Play for the hiring or through the hiring of another company, owned by the same company,” the minister mentioned when issuing her position this Wednesday before the plenary session.

After this ruling, the Federal Court of Administrative Justice will order the Tax Administration Service to recalculate the debt of the Salinas Pliego companies, taking into account the deductions endorsed by the highest court.

The Salinas Pliego companies still have a tax dispute in process for 858 million pesos from 2012.

The 68-year-old businessman has celebrated in style the ruling in his favor granted by the Supreme Court.

“This ruling confirms the arbitrariness and unconstitutionality with which the Tax Administration Service (SAT) has systematically conducted itself against our companies.

We are convinced that this is the first of many protections in our favor,” Grupo Salinas mentioned in a statement.

I'm going to leave this here and go slowly 😎😂😌😘.

If you're going to start screaming, let me know, chairo and squirrel tears are delicious 😜 https://t.co/C42sQbOWZP

— Don Ricardo Salinas Pliego (@RicardoBSalinas) March 13, 2024

The Government of López Obrador and the Mexican magnate have fought an arduous battle over the alleged tax evasion that Salinas Pliego companies have resorted to for years.

Last week, the president of Mexico, Andrés Manuel López Obrador, declared in his usual press conference at the National Palace that he had met with the millionaire to offer him a reduction of 8,000 million pesos in an alleged debt to the treasury for 22,000 million pesos. pesos, according to their calculations.

The tax dispute between Elektra, owned by Salinas Pliego, and the federal government is not new.

The Government intends to close its Administration by settling the debt of three tax credits granted in 2010, 2011, and 2013 for more than 22,000 million pesos.

The businessman — with a fortune valued at $14.8 billion, according to the

index — through various legal resources, has avoided collecting this millionaire payment to the treasury.

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