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Montevideo, November 14th 2018 - 11:16 UTC

Macri admits he was member of family offshore society, but it was reported to the Argentina tax office

Tuesday, April 5th 2016 - 06:06 UTC
Full article 37 comments

Argentine President Mauricio Macri came on stage on Monday to defend himself as he is one of the world leaders to appear as director of an offshore society in the so called “Panama Papers” leak that triggered a worldwide scandal. Read full article

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  • Think

    Well... well... well...

    MacriPress finally had to come with something...

    Macri's own side of the story about ONE ( of his many ) offshore companies, FLEG Trading...
    He never used it... There was no money in it... He was just its director “By Chance”.... he says

    Just hours ago another of his offshore companies surfaced...KAGEMUSHA S.A.

    What''s special about KAGEMUSHA ???

    Well..., if one is into Japanese Epic Films, one would know that KAGEMUSHA is a petty criminal who is recruited by the system to impersonate a Shogun...

    !!! Apropriate hoice of a name by Macri, dont you Think??? !!!

    Anyhow... me money on the first to fall will be that svín Sigmundur...
    ................................................................................. Hopefully Mauricio next...

    Apr 05th, 2016 - 08:55 am - Link - Report abuse 0
  • Clyde15

    I imagine that there is not one country whose officials are not “at it”in one way or another. Am I surprised ? NO !

    Apr 05th, 2016 - 09:24 am - Link - Report abuse 0
  • Bubba

    No money trail to follow, no money in the account... Macri registered it when it was opened.... no harm no foul...

    Apr 05th, 2016 - 09:35 am - Link - Report abuse 0
  • Viscount Falkland

    No mention of CFK yet ?

    Apr 05th, 2016 - 09:40 am - Link - Report abuse 0
  • Think

    TWIMC

    Just a little “Curious Detail” about those Panama Papers...

    They contain thousands and thousands of names from rich people from all over the World...

    Well... Almost all over the World...

    Not one single Yankee name on them.................... What does it mean..?
    That the Yanks are as innocent as a newborn baby, of course...!

    Apr 05th, 2016 - 11:22 am - Link - Report abuse 0
  • pgerman

    @5 Think

    I love to see who peronists, fascists and populists have such doble standard about ethics and moral. It seems that now it's not “imperialism”, it's not the CIA, it's not Clarin....

    GREAT !!!!

    I know you won't answer me but remember: CFK will have to be in fron of a judge on April/13....I don't want to THINK that you will be there cheerin g her up !!!

    Apr 05th, 2016 - 12:11 pm - Link - Report abuse 0
  • Lucifer

    Rich people having off shore companies or accounts doesn't mean they are corrupt.
    Being poor or middling and coming out fabulously wealthy during office is another story.

    The real story is China's Prez
    Anti corruption my a**

    Apr 05th, 2016 - 01:15 pm - Link - Report abuse 0
  • chronic

    The Yankee episode is coming.

    The researchers are only using the small fry to build dramatic tension for the big reveal.

    To suggest that there is some reasonable purpose for an honest man to participate in an offshore shell begs credulity.

    RGs - left or right - are equally corrupt.

    Macaroni's crew is only slight more polished in their appearance than the perros but they are much more refined in their business practices and as such will do a much better job of concealing their thievery and other machinations.

    It's genetic - rg just can't help himself from trying to unjustly enrich himself.

    Apr 05th, 2016 - 02:09 pm - Link - Report abuse 0
  • pgerman

    @8

    What about David Cameron?..it seems that he (or his father) have an account in Panama too....

    Apr 05th, 2016 - 02:23 pm - Link - Report abuse 0
  • Troy Tempest

    @8 Chronic

    “The Yankee episode... ”

    Sure, that's how Americans talk about themselves.

    You're a fake. Not a USA American at all.

    Apr 05th, 2016 - 02:28 pm - Link - Report abuse 0
  • Think

    TWIMC

    “ The UK has long held a view of itself as superior to almost everywhere else, especially in matters of state-level ethics and law. A good portion of our aid budget is spent on anti-corruption programmes and lecturing others on respect for the “rule of law”. Ministers show the same condescension towards continental Europeans, especially southern Europeans, who are regarded collectively as more tolerant of corruption than we are.

    Yet almost every year, the UK slips a little further down the international league tables of corruption, as compiled by the NGO Transparency International. When David Cameron and others talk – as they have done, at length – about the need to clean up international finance, make global companies such as Google pay their tax, and root out money-laundering worldwide, there is always snickering in the aisles. Some of the BIGGEST HAVENS OF DIRTY MONEY ARE BRITISH OVERSEAS TERRITORIES and the London property market. And until a UK government is prepared to remove the beam in its own eye, rather than wittering on about the motes in the eyes of others, our credibility as a country will be compromised...”
    http://www.theguardian.com/news/commentisfree/2016/apr/05/panama-papers-britain-house-order-cameron

    Apr 05th, 2016 - 02:43 pm - Link - Report abuse 0
  • pgerman

    @ Think

    How are you today?

    Preparing youself for April/13?...Are you going to be there cheering up CFK?

    Remember that she needs you !!!!...she might be in jail after the meeting with the judge....are you going to betrayed her?

    Apr 05th, 2016 - 02:59 pm - Link - Report abuse 0
  • chronic

    I think the senior Cameron is profligate at this.

    The Miami Herald is setting on a trove of US related material per NPR about 5 minutes ago.

    Apr 05th, 2016 - 02:59 pm - Link - Report abuse 0
  • Think

    Macri wanted to “Return to the World”...
    Well, he did it very quick...
    He's “El Numero Uno”!

    https://panamapapers.icij.org/the_power_players/

    Apr 05th, 2016 - 03:50 pm - Link - Report abuse 0
  • Lucifer

    There are plenty of legitimate reason to have off shore accounts and companies.

    It may or not be corruption.

    Apr 05th, 2016 - 04:54 pm - Link - Report abuse 0
  • Troy Tempest

    Is CFK on the list?

    Will Think condemn her too?

    Apr 05th, 2016 - 05:06 pm - Link - Report abuse 0
  • Think

    Well..., well, well...

    I wish it was as easy to read Argentinean politics as it is to read European...
    As I said at comment No. (1).... that svín Sigmundur has just fallen...

    Chuckle chuckle

    Apr 05th, 2016 - 05:10 pm - Link - Report abuse 0
  • Frank

    Golly, look whose name we have here..

    http://www.afr.com/business/banking-and-finance/the-panama-papers-secrets-of-mossack-fonseca--co-20160329-gnt8m8?

    Apr 05th, 2016 - 05:11 pm - Link - Report abuse 0
  • Troy Tempest

    18 Frank

    “Mossack Fonseca was not a defendant, but it has been the subject of court orders seeking to obtain information about Nevada companies that the hedge fund claimed had been set up through Mossack Fonseca by Lázaro Báez, a businessman close to former Argentine presidents Néstor Kirchner and his widow Cristina Fernández de Kirchner. ”

    There you go, Think!!

    Apr 05th, 2016 - 05:24 pm - Link - Report abuse 0
  • Think

    (18) Frank the Yank...

    Ahhhh Mr. Baez...
    Not a chap of my liking..., as I have made clear in a couple of comments about him during the last years...

    Here's one example...:
    http://en.mercopress.com/2014/07/19/china-extends-a-financial-hand-to-dollar-and-credit-strapped-argentina#comment339774

    Apr 05th, 2016 - 05:56 pm - Link - Report abuse 0
  • axel arg

    THE BENEFICE OF DOUBT.
    Mauricio Macri must be given what we call in the mainland, the benefice of doubt, it means that a person is inocent untill justice shows the contrary, unfortunately that benefice has never been given to C.F.K., neather by our hegemonical press, nor by a sector of the argentine society, every time that a corruption denounce involved some of her ministers, that's why some of our citizens are very convenced that she is a korrupt, a false lawyer, and a killer, despite justice has never determined absolutly anything against her.
    If i were opportunist, i would say that Macri is just one more thief, who used the legal mechanism of offshore companies, to commit money laundering, but the big difference among many detractors of kirchnerism and i, is that i am not neather mediocre nor hypocrite, i'm a serious detractor, in fact, this is what i chose for my life, since the day that Mauricio Macri won the ballotage, although i have never felt represented by his conservative coallition, he is the president from Argentina, and only justice can determine whether he's guilty or inocent, not the media corporations.

    Apr 05th, 2016 - 06:48 pm - Link - Report abuse 0
  • Think

    Some local news...
    Gonzalo Delaveu, president pf the Chilean chapter of Transparency International has just quitted...
    Five Off Shore societies under his name he had...

    Much further north, Mr. Hussein Obama falls short of declaring total war to tax havens...
    Hard times coming for quite a few British BOT's..., I reckon...

    Apr 05th, 2016 - 07:15 pm - Link - Report abuse 0
  • Briton

    Well, Iceland will need a new leader,
    the yanks have hidden theirs well,

    but all will be revealed sooner or later,
    one thinks their are a lot of very nervous people out there.

    Apr 05th, 2016 - 07:29 pm - Link - Report abuse 0
  • Troy Tempest

    @21 Axel Arg

    “...since the day that Mauricio Macri won the ballotage, although i have never felt represented by his conservative coallition, he is the president from Argentina, and only justice can determine whether he's guilty or inocent, not the media corporations.”

    Kudos to you for making that statement.

    The President is not guilty until proven in a Court of Law.

    No charges have been laid against Macri. Nor does he appear to be under official investigation.

    You are quite right when you say CFK was never found guilty in Court of money-laundering or corruption.

    However, she was under investigation for corruption by the Judiciary. On the eve of the investigation results implicating the President being presented publicly by the Special Prosecutor, he died a “suspicious death”.
    A bullet to the head was indeed suspicious, and the evidence of how he died was compromised by the investigating authorities.

    Now that CFK is no longer in power and no longer has alleged influence over the Judiciary or Security Forces, it looks like she will be charged. We'll see.

    It is still possible that Macri and the current administration do not have complete control over the Security Forces, however.

    We have seen that prominent crime figures were mysteriously assisted to escape from prison, and were able to 'elude' Police and Security Forces.

    Police forces still appeared to be corrupt, themselves.

    We hear stories of part of Argentina being K. “strongholds” defiant of the central government.

    CFK cannot be presumed guilty - yet.

    Apr 05th, 2016 - 08:05 pm - Link - Report abuse 0
  • axel arg

    TROY TOMPEST.
    I think you should know that Macri's administration as chief of government from Buenos Aires city, has also been involved in many denounces of corruption cases, the fact that those soposed irregular acts didn't have the same repercussion in the media than the denounces against C. F. K's government, doesn't mean that they didn't exist, beside, Macri was even in charged accused of spy for 5 years, but a few weeks after he took office, justice decided to supersed him.

    Apr 05th, 2016 - 09:04 pm - Link - Report abuse 0
  • Troy Tempest

    Macri... a spy???

    Ye gods!!!

    I never knew...

    *shock and horror*

    Apr 05th, 2016 - 09:37 pm - Link - Report abuse 0
  • Marcos Alejandro

    11 Think
    Great article!
    ”Some of the BIGGEST HAVENS OF DIRTY MONEY ARE BRITISH OVERSEAS TERRITORIES and the London property market. And until a UK government is prepared to remove the beam in its own eye, rather than wittering on about the motes in the eyes of others, our credibility as a country will be compromised...”

    1 Think
    KAGEMUSHA S.A.? It could be worse(GAYINA S.A.) :-)

    Apr 06th, 2016 - 02:45 am - Link - Report abuse 0
  • LukeDig

    Another rich boy, doing what all rich boys do.

    Apr 06th, 2016 - 03:34 am - Link - Report abuse 0
  • Think

    TWIMC
    Keeping focus on the corruption issue and my “hunches”...

    Nearly two years ago, I wrote the following...:
    “Anyhow, focusing on the Lázaro Báez case..... He is no Calígula but he is, as we all know, an important piece in the corruption system in Argentina...
    I'm sure he will fall..., and fall hard...”
    http://en.mercopress.com/2014/06/19/massive-demonstration-in-support-of-prosecutor-suspended-for-investigating-kirchner-family-dealings#comment333318

    Well.... Mr. Baez hard fall accelerated drastically today...:
    http://en.mercopress.com/2014/06/19/massive-demonstration-in-support-of-prosecutor-suspended-for-investigating-kirchner-family-dealings#comment333318
    Think is happy!

    (27) Marcos Alejandro
    A little Millonario poem for you...
    “Offshore societies from los Bosteros...?
    Used to pay for their arbitros Bomberos...!”
    ;-)))

    Apr 06th, 2016 - 07:56 am - Link - Report abuse 0
  • Frank

    Remember you saw it here first... Baez in the slammer

    http://buenosairesherald.com/article/212063/lázaro-báez-arrested-on-judge’s-orders?

    Apr 06th, 2016 - 07:56 am - Link - Report abuse 0
  • Think

    (30) Frank the Yank

    Errrrrrrr...... you mean...... second?

    Apr 06th, 2016 - 08:30 am - Link - Report abuse 0
  • Frank

    Correcto Thicko... as I always mean to say to you but am too polite... no prize for second

    Apr 06th, 2016 - 09:19 am - Link - Report abuse 0
  • Lucifer

    KDominos are falling.
    I will be happy when the Hag and her revolting spawn are in jail as they should be.

    Apr 06th, 2016 - 09:22 am - Link - Report abuse 0
  • Think

    (32) Frank the Yank
    “No prize to second” you say?
    That must be in the lowly Anglosphere, mate...
    We others Think that a second place as yours deserves silver...

    Apr 06th, 2016 - 09:39 am - Link - Report abuse 0
  • Boludo

    A note for Hector Recalde...There are plenty of reasons why an Argentine resident may wish to invest licit funds overseas...rampant inflation ...confiscation of said funds by the government to name just a couple. Historically, Argentina is not a safe place to bank your cash!

    Apr 06th, 2016 - 09:59 am - Link - Report abuse 0
  • Lucifer

    Pales in comparison to the estimated U$20B that the Kirchners have stolen.

    I hope they voided CFK's and her spawns passports.

    Apr 06th, 2016 - 10:20 am - Link - Report abuse 0
  • Zaphod102

    @5 “Just a little “Curious Detail” about those Panama Papers... ”

    As I see it, people have offshore accounts for 2 reasons:
    1. Tax avoidance (perfectly legal), or
    2. Tax evasion (illegal).

    So having an offshore account of itself does not prove anything illegal, without further investigation.

    “They contain thousands and thousands of names from rich people...Not one single Yankee name on them.................... What does it mean..?”

    1. Given your poor track record with reporting “facts” here, I am unconvinced by this claim. What on earth is a “Yankee name”? The US probably has more surnames than any other country given its history of immigration. Have you really gone through the “thousands and thousands of names” and found “Not one single Yankee name”? I suspect not. It just needs a person to find “one single” “Yankee name” on the list and your claim is disproved. Let's try. A. Aaron. There are people in the US called Aaron! You are disproved with the first name!!!! :-D
    2. Even if your claim happens to be true, there could be a very good reason why US residents have less need to use off-shore accounts for tax avoidance. I am not an expert, but I believe that there is a principle in the US system that tax should only be paid on earnings once. This means it is perfectly legal to open a tax-free account that can only be funded by money that has already been taxed. The money in the account can then be invested and any subsequent gains will also be tax-free because the tax has already been paid on the base sum. Sounds fantastic to me! If you have a legal, safe option like that why would you need to go offshore? The UK has a version of the same thing with ISAs etc. Does Argentina?

    Apr 07th, 2016 - 06:04 pm - Link - Report abuse 0

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