Wednesday, June 15, 2016

CRA put liens on Conrad Black home fearing flight from tax debts

Robert Fife reports in the Globe:
"The Canada Revenue Agency says it placed liens on Conrad Black’s Toronto mansion because it believed the former media magnate could skip the country without paying $31-million in tax debts to the Canadian and U.S. governments.
"Documents filed in Federal Court proceedings related to the liens reveal that Mr. Black, who gave up his Canadian citizenship to sit in the British House of Lords, has little money left in his Canadian bank accounts and has made no attempt to renew a temporary residence permit that expires in September.
 "The documents say that Mr. Black, who has sold all his property in the United States and Britain, has refused to provide a bank letter of credit to secure his income tax debt on the sale of his Toronto mansion at 26 Park Lane Circle."

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