| Thaksin's family defends tax-free telecoms sale | | Posted Saturday, November 11, 2006 6:46:01 PM by Blog57 Team | | BANGKOK (Reuters) - A lawyer for two children of ousted Thai Prime Minister Thaksin Shinawatra defended on Saturday the tax-free sale of their holdings in the family telecoms empire which outraged many Thai taxpayers. Thaksin's son and daughter -- Phantongtae and Pintongta -- had a document from the Revenue Department advising them not to pay tax on the sale, part of the $1.9 billion sale of Shin Corp to Singapore's Temasek, their lawyer Noppadon Patama said. "They will go to the Revenue Department to clarify the tax issue on Nov. 27," he told reporters a day after the post-coup government announced a panel to probe the alleged tax irregularities. "In the end, a court will be the judge. The family is willing to abide by the law and a court order without any conditions," Noppadon said, who gave copies of what he said was the Revenue Department document to reporters.... | |
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| | | Ex-pizza kingpin charged in tax evasion | | Posted Friday, November 10, 2006 12:25:54 AM by Blog57 Team | | The flamboyant, convicted con man who helped build Pizza Pizza into a fast food empire has been arrested and charged with income tax evasion. Lorn Austin, 57, surrendered to police early yesterday and was brought to Old City Hall court in Toronto for a bail hearing. The Canadian-born Austin, who now lives in Florida, was released later in the day after his father posted bail. "I have spoken with my lawyer Eddie Greenspan and we will fight the charges and the truth will come out," Austin said. Jovial and polite during his appearance and brief time in lock-up, the sometimes high-flying businessman shared court space with a series of people charged with assault, drug possession and other crimes. He is allowed to continue living in Florida and does not have to surrender his passport.... | |
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| | | One of China's richest accused of tax evasion | | Posted Friday, November 03, 2006 6:46:43 AM by Blog57 Team | | BEIJING - Multi-millionaire Zhou Weibin, a member of China's top 500 rich list, has been detained on suspicions of tax evasion, state media said Wednesday. Zhou, the head of a printing ink empire in south China's Guangdong province, is suspected of deliberately failing to pay value-added taxes worth 6.47 million yuan (820,000 dollars), the China Daily said, citing police sources. With a personal wealth of 800 million yuan (101 million dollars), Zhou was number 438 on the Hurun rich list compiled by Shanghai-based accountant Rupert Hoogewerf and published last month. Xu Jiaying, a property developer whose fortune of 10 billion yuan (1.3 billion dollars) gave him a 10th spot on this year's Hurun list, has also been accused of massive tax arrears, earlier reports in state media said. - AFP/ir .... | |
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| | | Local doctors implicated in costly tax fraud scheme; investigation ongoing | | Posted Wednesday, October 25, 2006 6:46:06 PM by Blog57 Team | | As many as eight current and former North Platte physicians and medical employees are under investigation for tax fraud. According to a lawsuit filed Sept. 29 by the U.S. Treasury Department in a California federal court, the suspects are accused of funneling money to dummy Nevada corporations to avoid paying taxes in a tax fraud scheme. .... | |
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| | | Swedish Trade Minister to quit amid charges of tax evasion | | Posted Tuesday, October 17, 2006 6:45:44 AM by Blog57 Team | | Swedish Trade Minister Maria Borelius will resign amid mounting allegations of tax evasion, the Prime Minister said on Saturday. The announcement by Prime Minister Fredrik Reinfeldt came just over a week after his center-right government took office and a day after he said a lawyer would investigate Borelius'' finances. WORLD ARTICLES Australia will stand by its promise of aid for North Korea Media Release Australia will stand by its promise of aid for North Korea despite Pyongyang's nuclear test READ MORE>> South Korea intends to speed up the acquisition of surgical attack firepower Media Release South Korea intends to speed up the acquisition of surgical attack firepower as a result of North Korea's claim that it conducted a nuclear test, Yonhap news agency reported Oct.... | |
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| | | Court acquits Fortune on $25-B tax evasion raps | | Posted Sunday, October 08, 2006 10:45:40 PM by Blog57 Team | | The Marikina City Regional Trial Court, citing lack of evidence, dismissed tax evasion charges against Fortune Tobacco, owned by business tycoon Lucio Tan. The government has accused Fortune Tobacco of failing to remit P25 billion in taxes by not paying the correct amount on cigarettes from 1990 to 1993. The richest person in the Philippines after shopping mall magnate Henry Sy with a worth estimated by Forbes magazine at $1.7 billion, Tan made his fortune on cigarettes and beer in the 1970s and 1980s. Tan, who controls Philippine Airlines and Philippine National Bank, has repeatedly denied the charges. Last March, the Presidential Commission on Good Government appealed the Sandiganbayan ruling which denied government sequestration of four Tan companies, including Fortune Tobacco.... | |
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| | | 209 tax delinquency cases in line for compromise | | Posted Saturday, September 30, 2006 2:45:38 PM by Blog57 Team | | THE Bureau of Internal Revenue (BIR) has approved 209 cases of tax delinquency for compromise settlements in which liabilities to the government are expected to be reduced, Internal Revenue Commissioner Jose Mario Buag said. The cases involve tax liabilities, covering the period from 2002 to August 2006, total P12.34 billion Buag said in a presentation before the Senate ways and means committee. The amount of tax to be reduced is yet to be determined, he said. Buag said that so far the BIR had agreed to forgo collection of P226.6 million worth of taxes. By agreeing to the cuts in the tax liabilities, the BIR can now settle some of the delinquency cases and increase revenue collection at the same time. In the first eight months of the year, the BIR collected P438.0 billion in taxes, P6.1 billion below its target of P444.1 billion for that period.... | |
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| | | Canmore Man Avoids Jail Time For Tax Evasion | | Posted Saturday, September 23, 2006 12:45:32 PM by Blog57 Team | | CALGARY/AM770CHQR - A Canmore man has been handed an 18-month conditional sentence and a $261,000 fine for tax evasion, meaning he won't spend any time behind bars. Between 1998 and 2000 Patrick MacFarlan claimed to be operating Wild Blue Yonder Enterprises, a construction firm. He pleaded guilty to falsely telling his accountants his projects were located in Mexico, Austria, and the U.S., and therefore GST exempt. In the end, it was discovered the company wasn't involved in any business whatsoever. A Calgary judge ordered he serve house arrest for one year of his sentence. .... | |
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| | | King's tax evasion case on hold | | Posted Friday, September 22, 2006 2:45:38 AM by Blog57 Team | | The Pretoria High Court on Monday postponed the R2.5-billion tax evasion trial of businessman David King, SABC news reported. The state and the defence agreed that they needed more time to negotiate the unlocking of some of King's funds in order for him to pay legal costs for his trial. King faces 322 charges including racketeering, money laundering and exchange control breaches. At the centre of the case are alleged tax debt amounting to more than R2.5-billion. The National Prosecuting Authority claimed that King tried to hide billions of rands in front companies and trusts, the SABC reported. Sapa .... | |
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| | | Solar 1 owners may be guilty of tax evasion | | Posted Wednesday, September 13, 2006 2:46:12 PM by Blog57 Team | | In addition to the damages they had to settle, the owner or owners of Solar 1, the oil tanker that sank off Guimaras Island, may also be guilty of tax evasion. At the hearing conducted by the Committee on Environment and Natural Resources and the Joint Congressional Oversight Committee on Clean Water, the members found that Sunshine Maritime Development Corp., which owned the tanker, had declared an income of only P3.9 million in 2004, as shown by the record of the Securities and Exchange Commission. Sen. Franklin Drilon raised an eyebrow over the amount, saying Petron Corp. is only one of its clients, and paid the firm P75 million in 2004 for services. "It's your misfortune that your company was involved in this," Drilon told Gregorio Flores, the firm's corporate secretary at the hearing.... | |
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