Tax evaders living the high life

By on December 5, 2015
Tax evaders living the high life

Couple who admitted cheating IRD out of nearly $1m in GST still have millions in assets.

A couple convicted of fleecing almost $1 million from the taxpayer between them by not paying GST are still living a life of luxury, with interests in properties and a boat totalling $5.9 million.

Michael Holmes, 69, admitted cheating the Inland Revenue Department out of $773,000 and his wife Sharon, 55, admitted similar charges involving $225,000.

The Inland Revenue Department brought cases against the couple which were heard separately by the Hamilton District Court.

Sharon Holmes, 55, is either a director or shareholder of companies which own a newly built $1 million house on the Coromandel, an Italian boat, an

Read the full article on line > The New Zealand Herald - nzherald.co.nz




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