Argentina's vice-president Amado Boudou is expected to stand trial within the next two weeks, for his involvement in the transfer of the former Ciccone mint, the company that prints Argentina's peso bills. The decision by Federal Judge Ariel Lijo follows on the Federal Cassation Court confirming the indictment Boudou on charges of bribery and negotiations incompatible with public office (conflict of interests).
Argentina will move forward with its investigation of the HSBC offshore accounts in Switzerland, and will make public the names of those Argentine citizens and organizations that held money overseas in the financial entity, allegedly with the purpose of eluding local taxes.
Argentina wants HSBC Holdings Plc to repatriate 3.5 billion dollars the bank's Argentine branch moved offshore to help clients evade taxes and move capital abroad, the country's tax chief Ricardo Echegaray said on Monday during a hearing which took place at the House of Commons in London, where top executives of HSBC were present.
HSBC’s Swiss branch must repatriate the 3 billion dollars deposited in the 4,040 undeclared accounts held by Argentine citizens and companies, Argentina's AFIP tax bureau chief Ricardo Echegaray announced.
Britain's HM Revenue and Customs (HMRC) department has requested Argentina’s AFIP tax bureau information on the criminal report filed in Buenos Aires against HSBC on allegations the bank helped more than 4,000 clients to evade taxes by stashing their money in secret Swiss bank accounts.
Authorities on Wednesday conducted a court-ordered search of the Argentine headquarters of London-based bank HSBC, which faces allegations of aiding tax evasion, it was reported in Buenos Aires.
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.
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.
Argentina's head of the tax office, Ricardo Echegaray admitted 'business links' between president Cristina Fernandez and businessman Lazaro Baez, who has been accused of money laundering and falsifying documents.
Argentina's tax office, AFIP, Federal Public Incomes Administration president Ricardo Echegaray announced it had requested the arrest of the Donnelley board of directors for what he called playing a trick and inventing a fraudulent bankruptcy for the printing plant located in Buenos Aires province.