Newfoundland and Labrador businessman’s tax scheme nets house arrest; heavy fine
The following information is now available on the CRA Web site:
News Release
St. John’s, Newfoundland and Labrador, March 4, 2008 … Richard Murphy, a businessman and engineer from Paradise, Newfoundland and Labrador, has been fined more than $488,000 and sentenced to four months of house arrest, after being convicted today on charges of tax evasion in St. John’s Provincial Court.
Mr. Murphy pleaded guilty to two counts of evading the payment of federal personal income tax under the Income Tax Act and one count of evasion of goods and services tax/harmonized sales tax (GST/HST) under the Excise Tax Act. In addition to the above-noted fine and sentence, Mr. Murphy still has to pay the full amount of tax owing, plus interest, and any other penalties the Canada Revenue Agency (CRA) assesses.
• Accountant •
Bookkeeper •
Income Tax Preparer •
Systems Consultant •
Blogger •
HART-Empire Network •
Canadian •
Earthling •
Husband and Pet Owner •
Brilliant & Amusing •
SUV probably bigger gas guzzler than my beater Lumina - but just before...
