I used a company to legally avoid paying U.S. taxes: Peru President

Vastavam web: Peru’s embattled President Pedro Pablo Kuczynski told a congressional investigative committee that he used a company in the British Virgin Islands to legally avoid paying U.S. taxes, according to audio heard on Sunday.Kuczynski made the disclosure during more than seven hours of questioning on Friday as he tried to disentangle himself from a growing corruption scandal less than a week before a new impeachment vote in Congress.

“Why would we pay Uncle Sam and Mr. Trump a bunch of money that’s here in Peru?” Kuczynski is heard telling the committee in a four-minute segment of the audio recording from the closed session.In response to the recording, one of Kuczynski’s attorneys who was present during the session, Gonzalo del Rio, told Reuters the transaction was legal and praised Kuczynski for being willing to discuss his personal finances with the committee despite the heated political climate.

Karina Beteta, the opposition congresswoman who asked Kuczynski about Dorado, confirmed the contents of the recording were accurate.Kuczynski held U.S. citizenship before renouncing it to run for president in 2016, when he was elected on hopes he would use his private sector experience to clean up government corruption.A report by Peru’s banking superintendent this week found Kuczynski registered the sale of his house in Lima to Dorado for $695,000 in 2006, before the company relocated to Peru under Kuczynski’s control nearly a decade later.Opposition lawmakers in the committee said Kuczynski’s use of the offshore company only raised new questions about his moral fitness for holding public office.

“I’m more convinced than ever that the impeachment motion must succeed,” Beteta said in an interview.The banking superintendent report said Westfield agreed to provide financial advising services on three Odebrecht projects within a year of Kuczynski becoming finance minister in 2004.Del Rio said Kuczynski relinquished management of Westfield via a verbal agreement with a business associate and never worked as a financial adviser while holding public office.