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Biblical defence fails to save taxpayer from $4.3m tax debt

A taxpayer, who quoted biblical references in an attempt to avoid tax debts, has been forced by the courts to repay $4.3 million.

Biblical defence fails to save taxpayer from $4.3m tax debt
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Biblical defence fails to save taxpayer from $4.3m tax debt

The NSW Supreme Court has ordered John Lamont to pay $4.3 million to the tax office, comprising of primary tax, the Medicare levy, administrative penalties for tax shortfall, shortfall interest charge, penalty for a non-lodgement of a return, and general interest charge.

Read more at the Accountants Daily.

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