Frente Amplio has presented projects to combat fraud, corruption and money laundering

San José, Jul 21 ( – The broad front deputy, José María Villalta recalled that he has presented a robust agenda of projects to combat fraud, corruption and money laundering.

In this way the legislator reacted to a note published by the University Weekly: Prosecutor’s Office found “evidence of tax evasion” of Meco by calls between directors of the ITP supervisor.

For Villalta “this is the type of case that we find in the Panama Papers; large companies with the ability to hire specialized law firms to develop complex schemes that allow them to hide their profits and defraud the treasury. It is urgent to legislate in this regard.

Given this, the legislator highlighted some loopholes that facilitate tax non-compliance:

Currently it is legal for public officials (including senior officials) to do business in tax havens.
It can be solved with bill No. 20437.

Evaders can avoid going to jail for the crime of tax fraud if they evade a colón below the established amount
as a crime each year the amount is 500 base salaries (approximately 225,100,000.00 colones).

In other words, if they evade 225,099,999.00 colones, it is not considered a crime of tax fraud and the penalty of 5 to 10 years in prison cannot be applied to them.
It can be solved with the bill N ° 21414

With the weakened rule of thin capitalization, some companies can reduce the payment of taxes fraudulently simulating fictitious debts between companies of the same owner, to later pass the interest payment as deductible of the income tax.
It can be solved with bill No. 21,184

Some companies use shell company chains with negligible assets. When the tax administration detects them, there is no patrimony that responds to the evasion and the owners escape their responsibility.
It can be solved with bill No. 21,769

“These projects are based on technical recommendations from The Financial Action Task Force leads global action to combat money laundering and OECDtax, among others,” he highlighted.

“Tax fraud erodes the credibility of the tax system and weakens the quality of public services to which citizens are entitled, such as health, education and anti-poverty programs,” he concluded.



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