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Dutch tax adviser Frank B. has been charged in New York with trying to hide more than 89 million euros from the US tax authorities.
“B. thought he was living above the law,” says Thomas Fattorusso, involved in the case as a special tax agent. “It wasn’t a get-rich-quick scheme, but he used sophisticated techniques to keep this tax scam going for several years.”
The 63-year-old tax adviser from Naarden was the tax adviser to world famous DJs such as Afrojack and Tiësto and various TV presenters and models. His participation in a conspiracy to commit tax evasion lasted more than seven years, according to the prosecutor.
According to the prosecution, his clients were making millions every year. In some years, B.’s clients were US taxpayers, meaning they were required by law to pay US taxes on their worldwide income. Among those clients, according to the prosecution, are two internationally renowned DJs, who have not been named.
According to the prosecution, B., together with other professionals, devised a strategy to illegally hide millions of income from the US government. This income had been earned by his clients outside the United States during their years as US tax residents.
“As a tax advisor to many high net worth clients, B. knew of his clients’ responsibility to pay U.S. taxes on their income, but he ignored that obligation and chose to illegally hide that income from the IRS,” said the prosecutor.
Lawyer: ‘B. worked within a legal framework
B.’s Dutch lawyer said this week that his client believed he was “acting in accordance with all international tax laws and treaties”. “He worked within a legal framework that the tax treaties provided him. The reason for putting these structures in place in the first place is to avoid the risk of double taxation.”
B. was arrested in Italy earlier this year at the request of the United States. He was returned to custody this week after a positive extradition decision, the New York prosecutor said.
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