Tuesday, March 1, 2005

Indictment for Avoiding over $200 Million in Taxes Filed in D.C.

The Department of Justice announced the indictment of Walter Anderson, a telecom entrepreneur, for failing to pay over $200 million in taxes from over $500 million in profits he earned from various mergers of companies he owned by forming off-shore companies in the British Virgin Islands and Panama to hide the true ownership of the profits.  According to a press release issued by the Tax Division, "Anderson allegedly failed to report this income on either his federal or District of Columbia tax returns and failed to pay approximately $170 million in federal income taxes and $40 million in D.C. income taxes." (ph)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2005/03/indictment_for_.html

Prosecutions, Tax | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d83543a0a469e2

Listed below are links to weblogs that reference Indictment for Avoiding over $200 Million in Taxes Filed in D.C.: