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Jimmy Got Fingered
Oct. 31st, 2007 09:48 amThis guy used to cut my hair, before I went for the freshly-released-mental-patient look and started cutting it myself.
$200,653 of income? Waterfront Oak Bay home? Not bad for a quick haircut and the cheapest price in town... twelve dollars... but it was too much for the Bank of Brian to bear.
Fort Street barber fined $100,000 for tax evasion
Victoria Times Colonist
Published: Tuesday, October 30, 2007
The owner of a Fort Street barbershop has been fined $100,000 after being found guilty in Victoria Provincial Court of two counts of income tax evasion and eight counts of GST evasion.
Jimmy Pavlidis, who owns Jimmy's Barber Shop at 728 Fort St., must also pay the full amount of tax owing plus interest and any other penalties the Canada Revenue Agency assesses. Pavlidis was also given a 12-month conditional sentence, which means he will serve his time in the community with certain conditions. He is to perform 120 hours of community service.
According to the Canada Revenue Agency, Pavlidis failed to report $200,653 of income on his 1999 and 2000 income tax returns. They say he also failed to remit $12,770 in GST for the same two years.
The agency searched Pavlidis' business and waterfront Oak Bay home, seizing documents that showed cash deposits and purchases did not match the taxable income declared.
When individuals or corporations are convicted of tax evasion and GST evasion, they have to pay the full amount of tax owing, plus interest, and any penalties the CRA assesses. In addition, the court can fine them up to 200 per cent of the tax evaded and can sentence them to up to two years in jail.
$200,653 of income? Waterfront Oak Bay home? Not bad for a quick haircut and the cheapest price in town... twelve dollars... but it was too much for the Bank of Brian to bear.
Fort Street barber fined $100,000 for tax evasion
Victoria Times Colonist
Published: Tuesday, October 30, 2007
The owner of a Fort Street barbershop has been fined $100,000 after being found guilty in Victoria Provincial Court of two counts of income tax evasion and eight counts of GST evasion.
Jimmy Pavlidis, who owns Jimmy's Barber Shop at 728 Fort St., must also pay the full amount of tax owing plus interest and any other penalties the Canada Revenue Agency assesses. Pavlidis was also given a 12-month conditional sentence, which means he will serve his time in the community with certain conditions. He is to perform 120 hours of community service.
According to the Canada Revenue Agency, Pavlidis failed to report $200,653 of income on his 1999 and 2000 income tax returns. They say he also failed to remit $12,770 in GST for the same two years.
The agency searched Pavlidis' business and waterfront Oak Bay home, seizing documents that showed cash deposits and purchases did not match the taxable income declared.
When individuals or corporations are convicted of tax evasion and GST evasion, they have to pay the full amount of tax owing, plus interest, and any penalties the CRA assesses. In addition, the court can fine them up to 200 per cent of the tax evaded and can sentence them to up to two years in jail.
