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

 

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
More RSS  RSS
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news