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Montevideo, July 7th 2022 - 12:46 UTC

Tag: Procter & Gamble

  • Friday, November 7th 2014 - 22:51 UTC

    Argentina targets yet another US company on alleged tax fraud

    Allegedly GE carried out illegal operations that cost Argentina an unnecessarily large number of dollar reserves and a reduced taxation income

    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.

  • Monday, November 3rd 2014 - 10:37 UTC

    Argentina strips Procter & Gamble of its registration for alleged fiscal fraud

    “We must put an end to multinationals appealing to tax maneuvers” that hurt national governments, said tax office chief Ricardo Echegaray.

    Argentina's tax office has stripped US multinational company Procter & Gamble of its registration for alleged fraud, the office announced on Sunday. The federal tax collection office, known as AFIP, has alleged that P&G evaded paying duties on imports from Brazil, billing through a Swiss subsidiary, in what it called potentially “aggravated contraband.”