As a result of the political crisis affecting the country since 2018 together with the pandemic that began in 2020, the chicken producer and operator of the restaurant chain Pollo Estrella, was financially destabilized and was seized by at least four banks.
Following a judicial process being handled in the courts of the municipality of Tipitapa, where the central plant of the Nicaraguan company operates, the authorities decided to intervene Avícola La Estrella.
After receiving a ruling opposing the international arbitration disputed with Teco Energy, the New York State Supreme Court ordered the seizure of $15.75 million from Guatemala.
Teco Energy is a company that was a shareholder of Empresa Eléctrica de Guatemala and years ago claimed international arbitration, arguing that from 2008 to 2013 the National Energy Commission set a maximum amount that energy distribution companies could charge the user.
The legislative opposition in Costa Rica has once again submitted a replacement text for the law against tax fraud, eliminating from the project the seizure of bank accounts of companies suspected of tax evasion.
With the motion filed by the opposition deputies are aiming to prevent the Directorate General of Taxation from having the capacity to seize or ask a judge to seize bank accounts of taxpayers suspected of tax evasion.
Guatemalan agricultural exporters have questioned the measure taken by the Treasury to seize bank accounts in order to recover unpaid taxes, arguing that it is affecting their operations.
Arguing that the measure is attached to the law, the Tax Administration has defended its right to take injunctive measures such as seizing bank accounts in order to recover taxes that companies have stopped paying.
In Costa Rica the bill against tax fraud has removed the power of the tax authorities to collect and put in place embargoes through an administrative decision.
Instead, members of the ruling party will support the proposal that tax debts be resolved in the courts, "... as the Ministry of Finance negotiated with representatives of the National Liberation Front party (PLN), Social Unit Cristian Party (PUSC) and the Libertarian Movement Party.
In Costa Rica the majority of MPs are opposed to the bill which would give the Treasury the ability to penalize delinquent taxpayers, a measure considered unique to the judiciary.
The Government will have to amend the draft law to improve the fight against tax fraud if it wants the Legislature to approve it. The opposition is mainly relted to the fact that the project would grant the ability to make charges and put in place embargoes without a court order, and there are also "... objections to tax advisers being made to pay part of the taxpayers debts, if the Administration considers that they gave the wrong advice."
A bill to improve the fight against tax fraud authorizes the tax authorities to seize the assets and bank accounts of delinquent taxpayers, without a warrant from a judge.
An article in Nacion.com reports that the Technical Services Department of the Legislative Assembly has proposed a rule that "... could affect property rights and the privacy of individuals because it would allow Taxation officials to take possession of any money deposited in bank accounts, income from salaries and pensions. " and all this "... without a warrant, the Tax Administration would be able to seize assets and enter business establishments."
As part of the controls to combat smuggling, between May and July 29 companies were suspended from the list of importers, which represents 60% of the total volume of pairs of shoes entering the country.
In order to detect and prevent irregularities in the import of footwear, the General Administration of Federal Tax Audit Tax Administration Service of Mexico carried out 31 audits "...
The Russian government has increased restrictions on food imports from the European Union to include fats, animal meal and other meat products and will start buying them from other markets.
The use of prohibited substances and toxic products from the European Union (EU) has led Russia to take this temporary measure, which excepts "... Production crossing the border before October 26 which will be subject to appropriate laboratory tests to confirm their safety. "
At the Banco de Costa Rica the volume of assets received in lie of payment increased by 70% compared to 2011.
A survey by Elfinancierocr.com between 6 financial institutions, including the four public banks in the country, revealed that in February of this year, there were 1259 properties in their possession, in contrast to the 884 properties that were reported in the same period 2012, ie there was a 42% increase.
Failure to pay $24 million in compensation to Servipronto has led to an embargo of the brands McDonald's, Quarter Pounder, Big Mac and Ronald McDonald's.
An article in Elmundo.com.sv reports that "The executing judge is setting an embargo on the royalties paid by McDonalds Mesoamerica to McDonald's Corp. The judge has spoken to McDonald's CFO to determine how much this would amount to.
The system will allow judges to freeze bank accounts for delinquent taxpayers, in electronic form.
The system, which streamlines the process, will be implemented initially in three courts at the capital and one in Mixco.
"Luis Arturo Archila, tax lawyer, explained that thanks to this technology the accounts of the defendants can be seized from the time the judge orders", published Elperiodico.com.gt.
The embargo applied on Tuesday suspends indefinitely all imports of Mexican high seas shrimp.
The Mexican Fleet failed the certification process conducted by U.S. authorities, who controlled if the boats used procedures to prevent accidental deaths of turtles while fishing for shrimp.
“Vessels must use exclusion mechanisms to allow turtles to escape from the fishing nets.
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