Re: Nina Wang
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Top court rejects Tony Chan tax appeal
The Court of Final Appeal has rejected fung shi master Tony Chan’s tax appeal against a HK$340 million tax liability, local media reports said.
Seeking leave to appeal to Hong Kong's top court against the tax assessments, Mr Chan's lawyer argued that his client was unable to raise objections in time, because he simply did not know the assessments existed, RTHK reports.
He said the Inland Revenue Department had posted the documents to a law firm that previously represented Mr Chan, and wrongly assumed that they would be forwarded to him. However, a lawyer for the government said the duty to provide a valid address rests on the taxpayer, not the government.
The taxation department is now expected to proceed to recover the overdue payment from assets earlier frozen by a court order
The three-judge panel will hand down reasons for the dismissal at a later date.
Source: The Standard HK
The Court of Final Appeal has rejected fung shi master Tony Chan’s tax appeal against a HK$340 million tax liability, local media reports said.
Seeking leave to appeal to Hong Kong's top court against the tax assessments, Mr Chan's lawyer argued that his client was unable to raise objections in time, because he simply did not know the assessments existed, RTHK reports.
He said the Inland Revenue Department had posted the documents to a law firm that previously represented Mr Chan, and wrongly assumed that they would be forwarded to him. However, a lawyer for the government said the duty to provide a valid address rests on the taxpayer, not the government.
The taxation department is now expected to proceed to recover the overdue payment from assets earlier frozen by a court order
The three-judge panel will hand down reasons for the dismissal at a later date.
Source: The Standard HK