Argentina Court Confirms Seizure of $500M in Manaos Tax Fraud Case

Argentina's Federal Court of Appeals of San Martín confirmed asset seizures totaling $500 million against Orlando Canido and Refres Now S.A., owner of the Manaos beverage brand, in a tax fraud investigation involving a $650 million loan and irregular invoices. The case alleges irregularities in Income Tax, VAT, and Internal Taxes payments. This marks a significant escalation in enforcement against corporate tax evasion, potentially signaling broader crackdowns.

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