SP1 (ASX) ASIC v ISX Hearing

Originally posted by tradealot: ↑

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Hi @benny211167

The bs is coming think and fast from yourself and your colleagues. I'll reply to this pathetic attempt to slur JK further and bend the truth to your narrative.

Think about this ATO issue - So JK gets his tax assessment from the tax dept - they reckon around 10 million should square everything up.

So if JK paid the assessment no questions asked, nobody would be any wiser and he wouldn't be called all the names under the sun from youself and co. Basically he'd be a model tax payer and in good standing with the tax dept.

Your post are always misleading - "This would be major deliberate fraud against the Government."

How can questioning a decission through the courts then be classed as fraudulent behaviour, as mentioned above if he paid paid the assessment everything was good no further action required.

Trying to reduce you tax liability is OK and legal.

Eg - Lets say the ATO got it wrong lol. And after the legal wash up JK only needs to pay the ato 2 million ( just and example ) that's 8 million saved. Who wouldn't question how they arrived at their decision via legal channels.

JK has done no wrong... proof by if JK paid the full assessment Its all good and no issues. Payment = everything goes away, but questioning the ato decission and your wrong and a bad person... get real.

Basically both parties are debating points of law. And thats it! One to save $$$ one to get $$$.

Cheers

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Part of the 10m tax bill is a multi million dollar penalty because the ATO claims Karantzis managed his tax affairs with "intentional disregard" for his obligations.

The AFR also reported the ATO made serious allegations against Karantzis, notable of which was his alleged doctoring of information he provided to the tax office.

Benny might know the exact break down of the 10m debt, but I think from memory it is 60/40 tax owed/penalty.

Karantzis is disputing this, but the way the system works is that the ATO makes its decision and its then up to the taxpayer to pay or dispute.

Wa also have to wonder why the DPO was lifted around Christmas 2021? In a typical case like this it means Karantzis put up a bond which was equal to the debt raised by the ATO.

It should be noted he was on a plane leaving Australia the same day the DPO was lifted, and he did not subsequently appear in court to defend himself in the ASIC matter, though bizzarely implied he was in Australia via tweets at the time of the trial.

he is the real deal.