Argentina: Macri implicated in Panama Papers scandal

Well, well. What have we here?

panama-papers-macri

Why yes, that IS the name of the current president of Argentina, along with a couple of family members (father Franco and brother Mariano), on the receipt for a shell corporation in the Bahamas. Nice company name there, buddy! How prescient that you thought of this as far back as 1998! And how clever of you to go through an Uruguayan broker, too! All you had to do was fly a quick hop across the Río de la Plata, and boom! Instant hideaway for Bog only knows how many Argentine pesos. Good job, Mauricio! I’m so impressed!

According to Aporrea, this corporation functioned, with Macri and his father and brother as “directors”, until 2009. But in 2007, Mauricio Macri became governor of the province of Buenos Aires. It wouldn’t have looked good for a man of his standing to be sitting on an offshore account like this, so he concealed his ties to the company by not including it in his sworn statement of interests upon taking office. That’s an even neater bit of fiscal hocus-pocus than setting up a shell corporation in the first place. And it’s a hell of a lot more slick than disappearing one’s political opponents by dropping them drugged from planes over the Río de la Plata, as the Macris’ junta cronies did in the late ’70s and early ’80s.

This news comes at a time when the country’s in a financial crisis, and they’re bashing heads on a daily basis in a frantic effort to pay off their vulture-fund creditors. Bet that if what the Macris and other Argentine corruptos had banked in the Bahamas were actually subject to the same taxation as the earnings of honest Argentines, they’d be able to pay those buzzards off, eh?

Maybe even with interest.

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This entry was posted in A Man, A Plan, A Canal, Don't Cry For Argentina, Economics for Dummies, Fascism Without Swastikas, Filthy Stinking Rich, Isn't It Ironic?, Isn't That Illegal?, Paraguay, Uruguay. Bookmark the permalink.