Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Tax cheat who lied to his agent is sentenced

14 August 2014

Tax cheat who lied to his agent is sentenced

A former property developer who attempted to rip off Inland Revenue has been sentenced to six months home detention after being found guilty of providing misleading information.

Acting Group Manager Tony Morris has welcomed the sentence. He said Husain Khalil Al Saffaf, now known as Michael Stacker, was fully aware the money he was claiming in tax returns wasn’t his.

“Despite knowing what he was doing was wrong, Stacker didn’t stop,” said Mr Morris. “Honest taxpayers should remember that when people deliberately cheat the tax system, their actions deny others the money that pays for services like our schools and police.

“Stacker, from Auckland’s North Shore, provided misleading information with the intent to obtain a GST refund of $31,537.50 more than he was entitled to,” he said.

Stacker was sentenced in the North Shore District Court yesterday after telling his tax agent he had brought assets which he hadn’t. So, the tax agent unknowingly filed a false tax return on behalf of Dalal Forest Trust which Stacker owned.

“Stacker has been prosecuted by the Serious Fraud Office and convicted for similar offences in the past,” said Mr Morris. “He was banned in 2009 from being a company director for five years.”

In January 2011, Stacker used an agent to help him find machinery he could buy to harvest and log a forest that he owned in Kaeo.

For three of the machines chosen, invoices were prepared and made out to the Dalal Forest Trust and corresponding bank cheques obtained but the purchases never took place.

Instead, Stacker re-banked the cheques into his Trust’s account and gave a copy of the invoices and corresponding bank cheques to his tax agent to claim back the GST.

“New Zealand trusts taxpayers to do the right thing, and most do,” said Mr Morris. “Stacker deliberately attempted to claim money that wasn’t his and now faces the consequences.

“Offenders will be caught and punished. Stacker is a repeat offender and by trying to cheat the tax system by lying, he has been given home detention and ordered to pay a fine of $5,000.” he said.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news