Conrad Black Owes $5.1M In Back Taxes, Court Rules
|The Huffington Post 21 Jan 2014 at 09:59|
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TORONTO - Conrad Black owes the Canadian government $5.1 million in taxes on income and taxable benefits from 2002.
That s the decision of a tax court that sided with the Canada Revenue Agency s position that Black was a resident of Canada during that time and must therefore pay taxes.
His lawyers had argued that he was a resident of the United Kingdom at the time and not subject to Canadian tax rules.
The bill includes $2.9 million for income earned for work done outside of Canada and $1.4 million for benefits from the use of an airplane Hollinger International Inc. had access to.
It also includes $90,000 worth of security for his Toronto home.
Black, who renounced his Canadian citizenship in 2001 so that he could become a British Lord, has been living in Toronto since 2012, when he finished serving 37 months in the U.S. for convictions on fraud and obstruction of justice. An appeal court tossed out two other fraud convictions against him and two other Hollinger executives.
Conrad Black sold his Palm Beach, Florida mansion for $23.1 million (U.S.) while on trial for fraud and obstruction of justice in 2001.