Jury deliberates on Snipes tax case
Defense lawyers argue that Snipes did owe unpaid tax but had not committed a crime
Defense lawyers argue that Snipes did owe unpaid tax but had not committed a crime
The jury for the tax case of Hollywood superstar Wesley Snipes went into
deliberation this week as Snipes’ lawyers argued that although Snipes owed large
amounts of unpaid tax he had not committed a crime.
The New York Times reports that defence lawyers Robert E. Barnes and
Robert G. Bernhoft used adjectives such as ‘kooky’, ‘crazy’ and ‘dead wrong’ to
describe Snipes’ position on not paying tax.
But they added that although the actor’s position had ‘no merit’ that did not
make him a fraudster. They insisted that Snipes had not broken any laws and
should be acquitted of fraud, conspiracy and six counts of failing to pay taxes
on more than $58m (£29.1m) of income for the years 1999 through 2004.
The jury of seven women and five men will begin deliberations on Wednesday.
Further reading:
Snipes’ lawyer admits his letters were
‘kooky’
Prosecutors show evidence that Snipes hates the
IRS
The numbers you crunch tell a story. Your expertis...
16yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article