14
THURSDAY, FEBRUARY 27, 1992
THE PENAL TAX OF $3,400,653 IMPOSED ON THE DEFENDANT REPRESENTED 300 PER CENT OF THE TOTAL TAX EVADED. THE IMPRISONMENT SENTENCE WAS SUSPENDED FOR TWO YEARS ON THE CONDITION THAT PENAL ARE PAID BY TWO INSTALMENTS WITHIN A PERIOD OF SIX MONTHS.
TAX
THE COURT WAS TOLD THAT THE DEFENDANT OWNED THE JOHNSON WONG COMPANY WHICH WAS A BUYING AGENT OF SHOES AND HANDBAGS FOR A U.S. COMPANY CALLED REMAC INC.
THE DEFENDANT IN HIS COMPANY'S TAX RETURNS FOR THE YEARS 1983/84 ΤΟ 1986/87 HAD UNDERSTATED THE COMMISSION INCOME RECEIVED FROM TWO SUPPLIERS OF THE U.S. COMPANY AMOUNTING TO $ 6,774,241.
HE THEREFORE HAD UNDERSTATED THE COMPANY'S FULL PROFITS BY PER CENT AND EVADED TAX AMOUNTING TO $ 1,133,551 DURING THAT PERIOD.
THE
93
DEFENDANT WAS RESPONSIBLE FOR NEGOTIATING AND COLLECTING COMMISSION PAYMENT FROM THE TWO SUPPLIERS, LIN'S IKWONG MING) ENTERPRISES LTD AND FANNY SHOES MANUFACTURING LTD.
THE DEFENDANT WAS ALSO A SHAREHOLDER AND DIRECTOR OF THE LATTER COMPANY.
IN PASSING SENTENCE, THE DEPUTY JUDGE ANTHONY то SAID OFFENCES OF THIS NATURE WERE VERY SERIOUS INDEED AND IMMEDIATE CUSTODIAL SENTENCE WOULD SEEM JUSTIFIED.
HOWEVER, AS THE DEFENDANT'S TWO TEENAGE CHILDREN WHO HAD EMIGRATED AND WERE STUDYING ABROAD WOULD FACE FINANCIAL SUFFERING IF THE DEFENDANT WERE TO BE PUT IN CUSTODY, THE JUDGE GAVE HIM A SUSPENDED SENTENCE.
A SPOKESMAN FOR THE INLAND REVENUE DEPARTMENT REMINDED MEMBERS OF THE PUBLIC THAT TAX EVASION IS A CRIMINAL OFFENCE.
ON CONVICTION, THE MAXIMUM CUSTODIAL SENTENCE IS THREE YEARS IMPRISONMENT AND A FINE OF $20,000 ON EACH CHARGE PLUS A FURTHER FINE OF THREE TIMES THE AMOUNT OF TAX EVADED.
SHOW TO PROMOTE SAFE HANDLING OF INDUSTRIAL CHEMICALS
TO
A ONE-WEEK EXHIBITION WILL BE OPENED ON SATURDAY (FEBRUARY 29) ENHANCE PUBLIC AWARENESS OF THE IMPORTANCE OF HANDLING INDUSTRIAL CHEMICALS WITH THE GREATEST CARE.
THE "OCCUPATIONAL HEALTH PERSPECTIVE INDUSTRIAL CHEMICALS AND YOU" EXHIBITION, TO BE HELD AT THE NEW TOWN PLAZA IN SHA TIN, IS ORGANISED BY THE OCCUPATIONAL HEALTH DIVISION (OHD) OF THE LABOUR DEPARTMENT AND IS SPONSORED BY THE OCCUPATIONAL SAFETY AND COUNCIL.
HEALTH
/"INDUSTRIAL CHEMICALS