White-col­lar crime

Finweek English Edition - - Letters - DAVE KING

SIR, I NO­TICE THAT I’m again re­ferred to in your ar­ti­cle re­lat­ing to white-col­lar crime and the seem­ing dif­fi­culty the State has in pros­e­cut­ing such cases. I have al­ways had some dif­fi­culty in see­ing my cir­cum­stances as be­ing sim­i­lar to the other cases that I’m con­tin­u­ally brack­eted with. At the ba­sic level I have a tax dis­pute that hasn’t yet been be­fore the tax court. The dis­pute es­sen­tially re­lates to whether prof­its are of a cap­i­tal or of a rev­enue na­ture. If I’m cor­rect, then no tax is due, as cap­i­tal gains tax did not ex­ist at the time that the prof­its were earned. The fraud al­le­ga­tions made by the Com­mis­sioner were sub­se­quently bol­stered by ex­change con­trol al­le­ga­tions that are sim­i­lar in na­ture, and are crit­i­cally de­pen­dent on the Com­mis­sioner’s ver­sion of my tax af­fairs be­ing up­held. I may be wrong, but I fail to see that my sit­u­a­tion can be equated to white-col­lar crime.

Dave King

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