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Feds move on $2.5 million sales tax evaders

Feds move on $2.5 million sales tax evaders

Australian Federal Police agents have charged five people in connection to computer sales tax exemption fraud valued at $2.5 million.

Federal Agent Robert Rice said the $2.5 million represents unpaid sales tax over two years on sales of computer products valued over $10 million.

"It's an Australia-wide investigation leading to Perth, Sydney and Melbourne," he said.

Five charged

Rice stated that five people, who made their first court appearance two weeks ago, are from two separate companies with connected activities. "Not only are they the managing directors, but they are also the employees - people who knew what was going on," said Rice.

Federal police agents have seized assets to the value of $300,000 under the Proceeds of Crime Act, including cars, mobile phones and notebook computers.

Rice said these assets are believed to have been purchased using proceeds from illegal activities, and depending on the outcome of court proceedings may be sold off to recover some of the defrauded money.

The five will make their second appearance in court in late April.


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