Go Back  British Expats > Living & Moving Abroad > New Zealand
Reload this Page >

Tax Scam but I don't see what the scam is?

Tax Scam but I don't see what the scam is?

Old Oct 26th 2010, 7:51 am
  #1  
Truth is the safest lie.
Thread Starter
 
Charismatic's Avatar
 
Joined: Jul 2008
Location: @ the beach.
Posts: 6,561
Charismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond repute
Question Tax Scam but I don't see what the scam is?

I don't understand the bizzare nature of this scam:
Mr Liu created fictitious sales and expenses for each of the companies and then filed GST returns from an internet cafe. This was calculated to avoid detection, he knew very well what he was doing was wrong and now he’s paying the price.
Linky: http://www.stuff.co.nz/business/indu...home-detention

So is it illegal to falsify business transactions and overpay your taxes?
Charismatic is online now  
Old Oct 27th 2010, 7:49 am
  #2  
BE Forum Addict
 
Bo-Jangles's Avatar
 
Joined: Jun 2005
Location: In a large village called Auckland
Posts: 4,879
Bo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond reputeBo-Jangles has a reputation beyond repute
Default Re: Tax Scam but I don't see what the scam is?

He was claiming losses and refunds of GST i.e. more expenses than sales.

The only transactions in the accounts were Inland Revenue refund cheques and withdrawals of those refunds in lump sums. No other business activity was recorded.
Bo-Jangles is offline  
Old Oct 27th 2010, 9:35 am
  #3  
BE Forum Addict
 
Woodlea's Avatar
 
Joined: Apr 2006
Location: Rangiora
Posts: 1,201
Woodlea has a reputation beyond reputeWoodlea has a reputation beyond reputeWoodlea has a reputation beyond reputeWoodlea has a reputation beyond reputeWoodlea has a reputation beyond reputeWoodlea has a reputation beyond reputeWoodlea has a reputation beyond reputeWoodlea has a reputation beyond reputeWoodlea has a reputation beyond reputeWoodlea has a reputation beyond reputeWoodlea has a reputation beyond repute
Default Re: Tax Scam but I don't see what the scam is?

So easy to do as everything is online now. I don't see that 5 months home detention and paying back $30k when he nicked $45k "sends a strong message to others trying to cheat the system" - unless it's the wrong message!!
Woodlea is offline  
Old Nov 2nd 2010, 9:34 am
  #4  
---
 
bourbon-biscuit's Avatar
 
Joined: Jun 2007
Posts: 2,990
bourbon-biscuit has a reputation beyond reputebourbon-biscuit has a reputation beyond reputebourbon-biscuit has a reputation beyond reputebourbon-biscuit has a reputation beyond reputebourbon-biscuit has a reputation beyond reputebourbon-biscuit has a reputation beyond reputebourbon-biscuit has a reputation beyond reputebourbon-biscuit has a reputation beyond reputebourbon-biscuit has a reputation beyond reputebourbon-biscuit has a reputation beyond reputebourbon-biscuit has a reputation beyond repute
Default Re: Tax Scam but I don't see what the scam is?

Originally Posted by Woodlea View Post
So easy to do as everything is online now. I don't see that 5 months home detention and paying back $30k when he nicked $45k "sends a strong message to others trying to cheat the system" - unless it's the wrong message!!
Yeah, now he gets to go on whatever jobseekers is round here and play on the wii for 5 months.
bourbon-biscuit is offline  
Old Nov 2nd 2010, 10:32 am
  #5  
Truth is the safest lie.
Thread Starter
 
Charismatic's Avatar
 
Joined: Jul 2008
Location: @ the beach.
Posts: 6,561
Charismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond repute
Default Re: Tax Scam but I don't see what the scam is?

Originally Posted by Woodlea View Post
So easy to do as everything is online now. I don't see that 5 months home detention and paying back $30k when he nicked $45k "sends a strong message to others trying to cheat the system" - unless it's the wrong message!!
:yep: Short sighted as well, should have registered the company under someone else’s name and had an offshore anonymous account to collect his fraudulent tax “refunds”.

It would be great to write a blog about scams that probe big companies and tax departments for weaknesses to exploit, if only you could do it without fear of prosecution. Alas people don't take kindly to being made to look like fools .
Charismatic is online now  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.