Business

The three of three Law, An ‘improvement’ to the corruption cancer

Public officials can steal money, let it sit for three years, and then donate it to their children, eventually making the money available

“The purpose of the Three of Three Law is to regulate tax, patrimony and interest declarations; however, neither work to prevent corruption from public officials,” shared Dr. Adolfo Solis Farias, specialist in tax law, during the Symposium of the State Anti-Corruption System. The event was organized by the “Lic. Maria Sandoval de Zarco AC,” Bar of Lawyers.

After sharing his skepticism regarding the 3 of 3 Law reducing corruption, he went into detail and explained that the tax return, which analyzes cumulative income, can be distorted through fiscal strategies. “Public officials can steal money, let it sit for three years, and then donate it to their children, eventually making the money available,” he added.

In the patrimony area, where public officials should declare all assets they own in their name and through their immediate family, he said that they hide by declaring whatever they want to, “they can say that they have three houses and four cars, when in fact they have much more than that.”

With regards to the declaration of interests, which seeks to identify those activities or relationships that could interfere with a candidate’s exercise of functions or decision making; he wondered who will denounce the assignment of bids or direct awards? Who will decide whether or not there is a conflict of interest?

“These three declarations do not help curb or reduce corruption, nor can they reveal a person’s real patrimony value – economic or financial “ he said, referring to billionaire officials, owners of aircrafts and private jets who declare they have a house and an income of $50,000 pesos a month (about $2,725 USD)....
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