Woman to pay $18.4m in tax case - News Summed Up

Woman to pay $18.4m in tax case


A woman has been ordered to pay $18.4 million to Inland Revenue. The High Court at Nelson recently released a summary judgment against Dior Jay Sabatini, formerly known as Denise Anne Clark, with Associate Judge John Matthews finding that Sabatini did not have a defence to the case against her, rendering a trial futile. According to a 2011 judgment, Inland Revenue had accused Sabatini and an associate of promoting a tax avoidance arrangement. According to the latest decision, Sabatini had described the conduct of Inland Revenue as "disgraceful" and as "unacceptable and repugnant intrusions into the judicial function". According to the decision, Sabatini's debt is comprised of $11.7m in late payment penalties and interest, a promoter penalty of $6.3m, interest of $255,000, and a further $110,000 unpaid income tax.


Source: New Zealand Herald March 10, 2017 03:15 UTC



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