No Favors for Ricardo Salinas: Sheinbaum Government Signals End of Tax Privileges as Pressure Mounts on Grupo SalinasTax authorities tighten the noose around Grupo Salinas as President Sheinbaum rejects any special deals, leaving Ricardo Salinas facing a 74 billion peso bill without political cover.
Sheinbaum v Ricardo Salinas Tax Evasion Speaking to national media this week, Sheinbaum categorically ruled out granting any special tax benefits or negotiated discounts on Salinas's mammoth 74 billion peso debt with Mexico's Tax Administration Service (SAT). In statements covered by El Universal and SDP Noticias, the president made it clear that the law only allows interest reductions in the case of full, prompt payments—rules that apply to all taxpayers equally, without exceptions. "There are no privileges, there are no special discounts," Sheinbaum emphasized, underscoring that Grupo Salinas must comply with standard fiscal obligations. A Turning Point for Salinas The message was echoed across Mexican outlets, with Político MX bluntly describing how Salinas's tax debts could effectively multiply if left unpaid, as compounded interest and penalties continue to grow. Meanwhile, Diario Basta! published a front-page piece titled "Justice Reaches Salinas," highlighting the long-awaited moment when Mexico's tax authority is finally forcing Salinas's businesses to face obligations they have postponed for decades. Grupo Salinas—which encompasses Banco Azteca, Grupo Elektra, TotalPlay and TV Azteca—has for years relied on protracted legal battles and appeals to delay tax enforcement. But with the Sheinbaum administration doubling down on recovering historic liabilities, analysts warn that Salinas's financial maneuvering may have reached a legal dead end. Implications for Grupo Salinas Companies This development has direct consequences for Grupo Salinas's financial health and market stability. The conglomerate is already grappling with recent rulings against it, reputational fallout from prior fraud and bribery accusations, and ongoing skepticism over the soundness of Banco Azteca. A forced settlement of tax debts—potentially reaching 74 billion pesos plus fines—could severely strain liquidity across the group. Justicia Empresarial urges investors, creditors, and institutional stakeholders to monitor the situation closely, as the era of shielding massive corporate tax bills through endless litigation appears to be drawing to a close in Mexico. This moment may redefine the risk profile not only of Grupo Salinas, but of all large Mexican conglomerates accustomed to operating in legal grey zones. Sources for Reference:
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