Oct 15, 2012

Locked Up: Business Owner Arrested for Not Paying Sales Tax

The District Attorney’s Office of Nassau County, New York, has issued a news release regarding the arrest of a Massapequa Man charged with stealing more than $200,000 in sales tax revenue.

Philip Shaw, the principal owner of a used car dealership in Elmont, NY, is accused of stealing “$203,778 in tax revenue by neglecting to file any withholding tax, corporation tax, federal income tax, or sales tax returns since 2006.” New York State Department of Taxation and Finance (NYSDTF) initiated the investigation that led to the arrest.

Nassau County District Attorney Kathleen Rice is quoted as saying, “When an unscrupulous business owner steals tax revenue, we are all victimized. … For Mr. Shaw to pocket this money while other businesses pay their fair share is outrageous.”

New York State Commissioner of Taxation and Finance Thomas H. Mattox addressed the theft from a more personal point of view, reminding that customers “pay sales tax with the trust that the business will remit the tax for state and local government purposes.”

Is it just me but $200,000 is not worth jail time? People, just pay the damn tax! Don't think that you are smarter than the average bear by stealing tax revenues. The government will bring the pain to you AND your family. Think about your family when the Judge sends you to prison.

No comments: