tax cheats

Ex-Cop and Security company boss for the high jump

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Paul Thomas Staples and Jean Staples exiting Manukau District Court Photo/Stephen Cook

A FAILED Auckland businessman is facing the possibility of a lengthy spell behind bars for ripping off the tax department more than $300,000.

Paul Thomas Staples, 52, will appear in the Manukau District Court next month for sentencing on charges of forgery, tax evasion and knowingly providing false information to Inland Revenue – offences which carry maximum penalties of up to ten years imprisonment.

In April this year Auckland man Andrew McGirr was jailed for more than two years for defrauding Inland Revenue of nearly $40,000.

Also in April, former Auckland accountant Paul Lawrence was sentenced to more than two years behind bars after claiming more than $278,000 in fake charitable tax donations.

Staples offending trumps both that of Lawrence and McGirr, not only because more money was involved but because of the deliberate and premeditated nature of his actions over a sustained three-year period.

Between September 2008 and August 2011, Staples – a discharged bankrupt with a history of cooking the books – filed no less than 27 fraudulent income tax and bogus GST returns with IRD under three different companies.

The deception even extended to Staples claiming a salary as a shareholder of a company when he wasn’t one, preparing false sale and purchase agreements, falsifying solicitors settlement statements and forming and registering companies for tax purposes when he was bankrupt and prohibited from doing so.

Worse still, Staples has no assets so the chances of him making restitution to IRD are virtually nil.    Read more »

Capital Gains Tax in effect as of today

A new brightline tax, that the government won’t label a capital gains tax, comes into effect today.

It will clamp down on low property speculators who currently don’t pay tax on their one-or-two property sell-ons a year.

It won’t make much of a difference to the tax paid by professional investors.

Auckland Property Investors Association president Andrew Bruce said there’s a few exceptions to the tax as well.

“If its your own home that is exempt, if the property is inherited there’s an exemption there – there are one or two other exemptions.”

Bruce said professional traders and developers will be paying tax already and won’t see much of a change.

He said its mainly people who are trying to cut corners. Read more »

Is Matt McCarten the new Shakespeare?

No, I don’t mean that Matt is crafty with the English Language, nor that his posts and columns are required reading.

More like he’s a tax dodger:

We don’t usually think of William Shakespeare as a hoarder, moneylender or tax dodger, but academics in the United Kingdom say we should.

Researchers from Abersystwyth University in Wales say the Bard was a ruthless businessman who grew wealthy dealing in grain during a time of famine.

In a paper due to be delivered at the Hay literary festival in Wales in May, they argue we can’t fully understand Shakespeare unless we study his often-overlooked business savvy.

They say Shakespeare the grain-hoarder has been redacted from history so that Shakespeare the creative genius could be born.

Ah yeah.  Rewriting of history.  Glad that doesn’t happen these days.

Matt will be a saviour of PAYE payers everywhere if we wait long enough.

Perhaps Sunny hasn't heard of Unite union

Sunny Kaushal has really taken to Facebook as he campaigns to come second in Pakuranga this election.

I wonder if Sunny has heard of tax cheats Matt McCarten and the Unite union.