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(21,348 posts)
Tue Oct 5, 2021, 11:08 AM Oct 2021

Chile's Pinera impacted by Pandora Papers

Chilean President Sebastián Piñera is facing a new political headache - in the form of impact from the “Pandora Papers” released on Sunday.

According to the investigation carried out by the International Consortium of Investigative Journalists (ICIJ), in December 2010 Piñera sold his share of the Dominga Mine to his partner and close friend Carlos Alberto Délano.

Some $14 million were exchanged in Chile and $138 million in the British Virgin Islands, to avoid paying Chilean taxes.

The Pandora Papers likewise revealed details on Monday about how Piñera, who has one of the largest fortunes in Chile with almost $3 billion, transferred his businesses to his children to avoid possible conflicts of interest after his first election as president in 2010.

In documents obtained by the ICIJ, his four children acknowledge that the source of the assets declared in the British Virgin Islands are the product of gifts they received from their father.

This opens the question of whether taxes were paid for the transfer, since living gifts pay a 25% tax in Chile.

At: https://www-pagina12-com-ar.translate.goog/372603-chile-sebastian-pinera-herido-por-los-pandora-papers-que-tam?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=nui

Chilean President Sebastián Piñera (right) and his center-right coalition's nominee, Sebastián Sichel.

The revelations may further erode already dim prospects in elections this November for Sichel, who has struggled in the polls against center-left rival Gabriel Boric.

Recent polls even have Sichel running third, behind far-right candidate José Kast.
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(4,619 posts)
1. The Wealthy Don't Follow The Law Anywhere
Tue Oct 5, 2021, 11:13 AM
Oct 2021

Where have you been?

Paying taxes is for the little people.


Leona Mindy Roberts Helmsley (July 4, 1920 – August 20, 2007) was an American businesswoman. ... During the trial, a former housekeeper testified that she had heard Helmsley say: "We don't pay taxes; only the little people pay taxes"

Judi Lynn

(159,880 posts)
3. Sane Chileans have known from the first the current President has always been a Pinochet supporter,
Tue Oct 5, 2021, 03:53 PM
Oct 2021

made all to clear to the world long ago, when Sebastián Piñera's brother, José Piñera

José Piñera Echenique (born October 6, 1948) is a Chilean economist, one of the famous Chicago Boys, who served as minister of Labor and Social Security, and of Mining, in the military dictatorship of Augusto Pinochet.[1] He is the architect of Chile's private pension system based on personal retirement accounts. Piñera has been called "the world's foremost advocate of privatizing public pension systems"[2] as well as "the Pension Reform Pied Piper" (by the Wall Street Journal).[3] He is now Distinguished Senior Fellow at the Cato Institute, a libertarian think tank based in Washington, President of the International Center for Pension Reform based in Santiago, Senior Fellow at the Italian libertarian think tank Istituto Bruno Leoni, and member of the Advisory Board of the Vienna-based Educational Initiative for Central and Eastern Europe. He has a master's degree and a Ph.D. in Economics from Harvard University. Piñera is a Board Member in Chile and an active supporter of SOS Children's Villages, the largest orphan and abandoned children's charity in the world. Today, Piñera is director of the magazine Economía y Sociedad, that was relaunched in November 2016.

. . .

After promoting a plan of free market reforms that he considered could double Chile's annual rate of growth to 7%, he became, first, Secretary of Labor and Social Security (1978–1980), and then, Secretary of Mining (1980–1981), in the cabinet of General Augusto Pinochet. As such, he was responsible for four structural reforms: the creation of a retirement system based on private personal accounts (the AFP system), the opening of the private health and disability insurance system, the redesign of the labor code changing the terms of trade union elections, and the constitutional law on mining. Piñera entered the cabinet in December 1978 when Chile faced two serious external threats: a possible war with Argentina over the disputed Beagle Islands and a trade boycott by the American AFL-CIO labor confederation.


Various "Chicago Boys"
(Working on creating the "perfect crime"?)

~ ~ ~

Many images with their articles on "Villa Grimaldi", Pinochet's most famous torture center, one of many, where thousands were tortured and many murdered. The western corporate media has been VERY quiet about the raging hell on earth going on south of the border, funded by the hard-earned tax dollars of US citzens without their knowledge:



Villa Grimaldi is considered the most important of DINA’s (Dirección de Inteligencia Nacional, the Chilean secret police) many complexes that were used for the interrogation and torture of political prisoners during the governance of Augusto Pinochet.[1] It is located at Avenida José Arrieta 8200 (now 8401) in Peñalolén, on the outskirts of Santiago, and was in operation from mid-1974 to mid-1978. About 4,500 detainees were brought to Villa Grimaldi during this time, at least 240 of whom "disappeared" or were killed by DINA. It was also the location of the headquarters of the Metropolitan Intelligence Brigade (BIM).[2] The head of Villa Grimaldi during the Pinochet dictatorship, Marcelo Moren Brito, was later convicted of crimes against humanity and sentenced to more than 300 years in prison.[3][4]

For most of the 19th and 20th centuries, the three-acre estate was a gathering place for many of Chile's artists and intellectuals. Over the years Villa Grimaldi's various owners hosted parties and cultural events. The structures included meeting rooms, entertainment halls, and a theater, as well as a school that was open to the entire community. It was a gathering place for many left wing and progressive cultural and political figures during the Popular Unity years, the period associated with the election of Salvador Allende, a Socialist, to Chile’s presidency in 1970.[2]

This liberal atmosphere changed suddenly when General Augusto Pinochet seized power in a military coup d’etat on September 11, 1973. Chile's wealthy oligarchy, the Nixon administration, and the Central Intelligence Agency, were among the supporters of Allende's overthrow. The owner of Villa Grimaldi at the time of the coup, Emile Vassallo, was pressured to sell the estate to the new government in order to protect his family.[5] This is one of the first examples of the state of siege that was enforced under Pinochet for the next 17 years. His regime began to detain thousands of political activists, students, workers, trade unionists, and any other subversive individuals who spoke out against his military government.[6]

. . .

An estimated 4,500 people were detained at Villa Grimaldi, and of those at least 226 "disappeared" forever.[7] Victims included Carlos Lorca, the British physician Sheila Cassidy, the MAPU leader Juan Maino, the CEPAL diplomat Carmelo Soria, and future Chilean President Michelle Bachelet, who was tortured with her mother.[8] Prisoners were supposedly detained for interrogation but their detention usually lasted for long periods of time without explanation and many prisoners were subject to torture. According to the Rettig Report, they were kept in several different living situations: The tower, a tall structure containing ten narrow spaces measuring 70 x 70 centimetres and two metres high in which multiple prisoners were held. The tower also contained a torture chamber. Apparently, people brought to the tower were detainees considered to be of some importance and whose stage of intense interrogation had finished. Many prisoners who went to the tower were never seen again. Chile houses were wooden structures designed for solitary confinement. They consisted of vertical sections similar to closets in which the person had to remain standing in darkness for several days (standing cells). Corvi houses were small wooden rooms built inside a larger room, each containing a bunkbed. This was supposedly where prisoners stayed while they were undergoing intense interrogation and torture.[9]


Judi Lynn

(159,880 posts)
4. The reaction lingers well after learning Chile's current President, connected by family to US puppet
Tue Oct 5, 2021, 06:48 PM
Oct 2021

Pinochet, whose brother was one of the original "Chicago Boys", has spent a lot of his time trying to expand his wealth illegally, making a killing at the great expense of the Chilean population.

We remember his silliness during the excrutiating time when the Chilian people were waiting on pins and needles for someone to rescue the poor miners stuck far underground by a mine collapse. He undoubtedly impresses a lot of people as a pointless, useless person.

During his two separate terms, all that seems to have been accomplished is that NO progress was allowed as he held the door open to the Presidency in anticipation for some super fascist to gather up enough support to stomp into power as the next Pinochet and give birth to the next dictatorship.

It appears as if the ultra-right aging Hitler Youth candidate, shown here with Bolsonaro, is pretty determined he's going to seize that job!

Standing with Sebastián Piñera

Being compared with two other gargoyles

Can anything stop the next wave of fascist sociopaths?

("The president of Chile, Sebastian Piñera shows the flag of his country at the center of that of the United States. | AFP" )

Two terrible spoiled brat Presidents.

Judi Lynn

(159,880 posts)
5. Chile: New Details About President Piera's Offshore Companies
Wed Oct 6, 2021, 03:52 PM
Oct 2021

Sebastian Piñera, Chile | Photo: Twitter/ @confidencialcol

Published 5 October 2021

On Monday, a new Pandora Papers (PP) publication revealed details about the corporate network that Chilean President Sebastian Piñera's children have established in various tax-havens.

The investigation uncovered how Piñera transferred his businesses to his children to avoid possible conflicts of interest after becoming President.

In the documents, his four children acknowledge that their assets in the British Virgin Islands are donations they received from their father. It is not yet clear whether they paid taxes on such money transfer. In Chile, taxation for this kind of donation can reach up to 25 percent.

The Piñera sons offshore assets would come from the sale of their father’s businesses such as the credit card company Transbank, the airline LAN, and the television channel Chilevision.

On Sunday, the Pandora Papers had already exposed Pinera for the sale of the Minera Dominga, a controversial mining project.


Judi Lynn

(159,880 posts)
6. Chile prosecutors to investigate President Pinera following Pandora papers leak
Sat Oct 9, 2021, 01:08 AM
Oct 2021

October 8, 2021
6:03 PM CDT
Last Updated 8 hours ago


2 minute read

SANTIAGO, Oct 8 (Reuters) - Chile's public prosecutor said on Friday it would open an investigation into the sale of a mining project involving the family of President Sebastian Pinera after new details emerged about the transaction in the Pandora papers leak.

Marta Herrera, head of the office's anti-corruption unit, said the agency would investigate possible bribery-related corruption charges as well as tax violations.

The "Pandora Papers" are a cache of leaked documents that The International Consortium of Investigative Journalists say reveal offshore transactions involving global political and business figures. Among them are documents that appear to outline a deal involving the sale of the Dominga mine, a sprawling copper and iron project that activists have long said would cause undue environmental harm.

The leak stirred controversy in Chile because it suggested the sale of the property, which involved a firm linked to Pinera's family, was contingent on a favorable regulatory environment.


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