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Home Canada

Tony Accurso fined greater than $four million for tax evasion

4 months ago
in Canada
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The pretend invoices had been utilized by Accurso’s firms to considerably scale back the quantity of income they’d report once they filed tax returns.

“The investigation additionally established that Mr. Accurso omitted to incorporate, within the calculation of his taxable income for the years 2005 to 2009, an quantity of $7,234,775. He due to this fact eluded paying not less than $1,300,000 in taxes.”

Accurso was personally fined greater than $1.9 million following his responsible pleas to 2 prices. He additionally admitted he took half in violating the Excise Tax Act by means of his 4 firms. Simard Beaudry Development Inc. was ordered to pay the very best advantageous, greater than $1.four million, out of the 4 development companies.

In 2018, Accurso was convicted by a jury on all 5 of the fees he confronted within the Laval municipal corruption case: two conspiracy prices, fraud, municipal corruption and breach of belief. He was sentenced to a four-year jail time period however is at present a free man as a result of he’s interesting each the sentence and the jury’s verdict. The Quebec Court docket of Attraction has but to rule on the issues.

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