La Nación Investigated For Alleged Tax Evasion

February 25, 2005

THE General Taxation Administrationis investigating the daily La Nación, oneof the country’s largest newspapers, forpossible tax evasion.A Legislative Assembly commissionis also examining the case.According to La Nación, it sold one ofits printing presses for $2 million to theBelizean company Capital LeasingCorporation in September 2001, then rentedthe equipment from Capital Leasing for$97,091 per month. Capital Leasing latersold it to another company, ArrendoraInterfín S.A., from which La Nación rentedthe press for $80,883 per month.Tax authorities say there are discrepanciesbetween the amounts reported bythe paper and those it reported to thirdparties regarding the sale and lease. TheSecond Circuit Penal Court of San Joséordered the paper to open its bankaccounts to investigators.The assembly’s Public ExpendituresCommission plans to request the appearanceof tax authorities and others relatedto the case.Libertarian Movement Party legislatorPeter Guevara said he opposes this.“I don’t believe it is proper that weinvolve ourselves in investigation the functioningof a private business,” he said.Patriotic Bloc legislator HumbertoArce called the allegations “an opportunity…for La Nación to be investigated inthe same way it investigates (others),” butemphasized the importance of “being verycareful (to ensure) this is not used for anyvendetta, since we all know the denunciationsthat the paper has made.”La Nación helped uncover alleged governmentcorruption in 2004, which eventuallyresulted in the arrest of two formerPresidents and a host of other public officialson allegations of illicit enrichment.

You may be interested

Strong winds cause three deaths in Costa Rica, one in El Salvador
Weather
1614 views
Weather
1614 views

Strong winds cause three deaths in Costa Rica, one in El Salvador

AFP - December 10, 2017

Three people have died in Costa Rica, includiing two Swiss tourists, and one in El Salvador as a result of…

6 camouflaged Costa Rican creatures you probably haven’t seen
Environment and Wildlife
2267 views
Environment and Wildlife
2267 views

6 camouflaged Costa Rican creatures you probably haven’t seen

Lindsay Fendt - December 9, 2017

The jungle can be a scary place, and even for some of the fiercest of Costa Rica’s creatures, sometimes the…

National Geographic-Lindblad Expeditions ship makes first visit to Osa Peninsula
Cruises
1995 views
Cruises
1995 views

National Geographic-Lindblad Expeditions ship makes first visit to Osa Peninsula

The Tico Times - December 8, 2017

National Geographic and Lindblad Expeditions touched down for the first time on Costa Rica's renowned Osa Peninsula this week for…