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Mexico’s Supreme Court Clears Way for Tax Enforcement Against Grupo Salinas on 48.3 Billion-Peso Debt

The tax authority will set the final amount, with enforcement to follow if the debt is not paid.

Overview

  • Mexico’s high court left firm lower-court rulings confirming Elektra and TV Azteca owe 48,326 million pesos for 2008–2013, and said it will deny two remaining amparos on November 19.
  • President Claudia Sheinbaum backed the decision, saying payment would end the matter and, if not, legal procedures under the law would begin, with Hacienda and SAT to outline next steps.
  • SAT must calculate the precise bill including updates, surcharges and fines; installment plans are possible, but charges increase with delay and experts say core amounts will not be forgiven.
  • The Financial Intelligence Unit recently blocked casinos tied to Grupo Salinas for alleged money laundering, and the U.S. embassy dismissed a purported memo alleging persecution as false.
  • Analysts warn TV Azteca may be unable to cover the liabilities, raising risks of seizures or tapping profitable units such as Banco Azteca, while Grupo Salinas signals international actions that experts say would not halt Mexican enforcement.