B.C. businessman jailed, fined almost $650K for tax evasion - News Summed Up

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B.C. businessman jailed, fined almost $650K for tax evasion


A businessman based in West Vancouver, B.C., has been sent to jail and fined almost $650,000 for tax evasion, according to the Canada Revenue Agency. A statement Friday said Michael Curt Helmut Scholz was sentenced to 29 months behind bars after being found guilty of tax-related offences last June. The businessman submitted forged documents related to the construction of a home in West Vancouver's elite British Properties neighbourhood. Scholz was found guilty of three counts of committing tax-related offences under the Excise Tax Act and two counts of uttering forged documents. Thirteen people were jailed for a combined total of 18½ years for tax evasion between April 1, 2019 and March 31, 2020.


Source: CBC News February 26, 2021 19:30 UTC



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