Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Chilean Politician's undeclared Foreign Assets Revealed
Santiago de Chile, Sep 2 (Prensa Latina) Chilean right-wing politician Jose Antonio Kast, president of the newly founded Republican Party, owns at least three companies abroad that he never declared, it was reported in Santiago on Monday.
Several media outlets make reference to an extensive report published by La Tercera that details the assets of the former presidential candidate, according to which the politician, described by some as the Chilean Bolsonaro, established three anonimous corporations in Panama in 2003, when that country was considered a tax haven.
These three firms became the parent companies of family businesses the former congressman inherited, such as a restaurant chain and several agricultural industry and real estate firms.
The three foreign-based companies are used to avoid paying taxes in Chile, and Kast never declared them during his 16 years in Congress as a deputy of the right-wing Independent Democratic Union (UDI), nor during his presidential campaign in 2017.
Since January 2016, a law requires candidates to declare their assets abroad, Cambio21 notes.
https://www.plenglish.com/index.php?o=rn&id=46496&SEO=chilean-politicians-undeclared-foreign-assets-revealed
(Short article, no more at link.)