11 Feb '11, 12pm

Accountant charged with helping company evade tax: SINGAPORE : A 48-year-old man is the first certified public a...

SINGAPORE : A 48-year-old man is the first certified public accountant to be charged with helping a company evade income tax. Ong Boon Lee is accused of helping the firm set up a shell company in the British Virgin Islands. Ong allegedly helped Darma Consultants, a firm that supplies engineers to oilfield companies, falsify expenses totalling more than S$86,000 in its income tax returns for 2005 and 2006. The payments were allegedly made to the shell company in the British Virgin Islands. A statement from the Inland Revenue Authority of Singapore said the total amount of tax undercharged came up to more than S$12,000. Darma Consultants has been convicted for claiming fictitious expenses and under-reporting its profits and was fined S$6,000. It also had to pay a penalty of some S$37,000, which is three times the undercharged tax. Ong, who owns Benedict & Associates auditing...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

Tweets

Certified public accountant charged with helpin...

todayonline.com 11 Feb '11, 1pm

SINGAPORE- For the first time, a certified public accountant has been charged with helping a company evade income tax by s...

Japan JPMorgan staff allegedly evade tax: TOKYO...

channelnewsasia.com 13 Feb '11, 5am

TOKYO: Some 120 former and current employees of JPMorgan Securities Japan Co. failed to declare over $8 million of income ...

Bollywood stars evaded tax?

Bollywood stars evaded tax?

channelnewsasia.com 09 Feb '11, 9am

INDIA: Two of the most famous actresses from India's film industry are in trouble with the tax man after they failed to gi...

#SGbudget: Benefits skewed towards those in the...

todayonline.com 18 Feb '11, 10pm

SINGAPORE - With greater differentiation coming in the form of new tax brackets, the tax structure will ensure that every ...

Singapore Airlines pilots urged by union to boy...

TradingMarkets.com, 11 Feb 2011 Singapore Airlines (SIA) pilots have been urged by their union to boycott an annual social...

6 Parts Of Your Company That Should Be Listenin...

youngupstarts.com 08 Feb '11, 2am

Once upon a time, customer contact was centralized around the switchboard, and the phone was the preferred method for comm...

iDreamin: Helping Young Creatives Break Into The Industry

iDreamin: Helping Young Creatives Break Into Th...

sgentrepreneurs.com 09 Feb '11, 2am

“When we were in Silicon Valley, the main concern raised was that we didn’t have a focus. We’re trying to do everything in...