MercoPress. South Atlantic News Agency
Argentina targets yet another US company on alleged tax fraud
US corporation firm General Electric has “over-invoiced” imports in a financial maneuver designed to access additional dollars in the official foreign exchange market, claimed Argentine Cabinet Chief Jorge Capitanich. GE thus becomes the second large US company in less than a week to face accusations of financial trickery in order to obtain economic benefits. Read full article
Comments
Disclaimer & comment rulesI love the way that Argentina now uses the 'guilty until we've robbed you blind' system, instead of the 'innocent until PROVEN guilty' which is what civilised countries use.
Nov 08th, 2014 - 01:45 am - Link - Report abuse 0Alleged means that it hasn't been proven, so taking ANY steps against GE would be premature and ILLEGAL.
Just another show of how the current Argentine government is destroying Argentina for decades to come.
If Argentines thought the 2001 economic crash was bad...well you ain't seen nothing yet.
what a surprise! there are not only crooks in the argentine government but also in other countries and companies.
Nov 08th, 2014 - 08:45 am - Link - Report abuse 0Really, never has thought that. Go ahead and collect the money and pay it to your creditors which you have stolen billions of dollars, euros, yens, bloody ck-gang.
Laffers curve in the downhill road. More preassure to get a buck the less revenue they will get.
Nov 08th, 2014 - 11:00 am - Link - Report abuse 0Absolutely amazing. That's THREE inaccurate amounts. Mind you, if you read carefully, there's no indication of the amount of tax involved. As a matter of interest, what does AFIP when it's not trying to criminalise argentines? Having been on the law enforcement side of the import/export 'game', I'm inclined to think that the argie import/export taxation system is crap, the enforcement staff are crap or they all just sit back and wait for the argie govenment to tell them who to target. You see, all these 'taxes' require declarations. A few weeks experience, at most, are usually enough to indicate to alert staff whether a declaration needs further investigation. What Capitanich is actually doing is demonstrating the incompetence of official staff. Is this supposed to somehow excuse argieland for its criminal, fraudulent behaviour? Doesn't work for me.
Nov 08th, 2014 - 11:11 am - Link - Report abuse 0Yet Boudou is still in office after his Harley-Davidson is proven to be registered at a phony address. It never ends.
Nov 08th, 2014 - 11:36 am - Link - Report abuse 0“economic terrorism” Jeez. .. bunch of drama queens! This the language of Maduro and his ilk.
Nov 08th, 2014 - 11:43 am - Link - Report abuse 0Why is Argentina attacking US companies? What do they hope to achieve? It seems like some sort of childish 'revenge' over Griesa's ruling.
If so, this attitude will only create greater problems long-term. Eventually Argentina will alienate every one except the Chinese.
Then the Chinese will begin to turn the screw
What a gloomy future for the Argentine people. They need to change their government fast!
All this will do is speed up the closings of US companies within Argentina.
Nov 08th, 2014 - 02:21 pm - Link - Report abuse 0There's no reason to have mfg there.
None at all
Just wait and see.
“General Electric insisted that Argentine officials had not asked for any information regarding its foreign trade transactions, stating that it complies with all Argentine laws and regulations”
Nov 08th, 2014 - 06:49 pm - Link - Report abuse 0Of course they do!! But the KFC gang NEVER let a little thing like “The Truth” get in the way of their All American witch hunt.........
Remind me again, who is committing “economic terrorism”???
This phrase “economic terrorism” seems to be getting very popular with the governments of Argentina, Brazil and Venezuela. They deploy this 'phrase du jour' at any given moment.
Nov 08th, 2014 - 08:41 pm - Link - Report abuse 0I would suggest this is
a) to distract from the frightful mismanagement of their own economies and apportion blame elewhere
b) to support the introduction of draconian laws and policies under the guise of 'anti-terriorism' (Maduro has had the power to Rule by Decree since Dec. 2013, based on this).
c) to frighten the people and keep them compliant
d) to boost their own egos, (and salaries), as they whip up propaganda that they, yes them, those lily-livered politicians are 'heroic fighters' defending the nation in times of distress.
You couldn't make it up.... Oh, hang on! Umm... they already have.
The bunch of lying hypocritical crooks.
If ever a stupid corrupt blind country , heading for suicide status,
Nov 08th, 2014 - 09:22 pm - Link - Report abuse 0Argentina must surely fit the bill,
she seems dead bent on an head on clash with the Americans,
does she have a death wish, or just no sense at all..
Argentina is a very sick country run by thugs.
Nov 09th, 2014 - 09:44 am - Link - Report abuse 0Kretina makes out for the domestic audience that she is a serious global player but in reality, when it's G20 time, she takes to hiding in private hospitals.
Nov 09th, 2014 - 11:01 am - Link - Report abuse 0Too many awkward questions to answer, eh Cristina?
GE practices tax avoidance all over the world. Why does rotting roadkill think it should be treated any different than any other country. And GE is a multinational and accordingly really can't be typed as an American concern. If you do business in rotting roadkill: GET OUT STUPID!
Nov 09th, 2014 - 05:17 pm - Link - Report abuse 0Fuckem!
Nov 11th, 2014 - 08:02 pm - Link - Report abuse 0Another thing for Gollum and Elvis to rant at Obama at G20 about-well CFK was going to -Argentina's way of making friends and securing investment -priceless.
Nov 13th, 2014 - 10:22 pm - Link - Report abuse 0Commenting for this story is now closed.
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