Elektra Says Will Appeal $94m Mexico High Tax Court Ruling

Billionaire Ricardo Salinas’ bank and appliance dealer Grupo Elektra said that it will appeal a ruling by Mexico’s high tax court over a 2 billion peso tax debt ($94m).

• The Federal Court of Administrative Justice (TFJA) ruled that Elektra should pay 2 billion pesos related to a 2010 transaction with now defunct airline Mexicana de Aviacion, El Universal reported
• “Grupo Elektra considers that it is ethically and legally in the right, therefore, in strict adherence to legality, it will defend its right to disagree with the tax authorities and will appeal said resolution to the corresponding authorities,” Grupo Elektra ...