Bussiness
Nashville business owner indicted on tax evasion, theft charges
NASHVILLE, Tenn. (WSMV) – A Nashville business owner has been indicted on several felony charges of tax evasion and theft, according to the Tennessee Department of Revenue.
Paul Cox was indicted on six felony counts of tax evasion and one count of theft over $250,000 following an investigation by the Special Investigations Section of the TDR.
Cox is alleged to have falsified monthly sales tax returns and knowingly failed to remit sales tax of more than $250K to the TDR. His bond was set at $50,000.
“Most businesses in Tennessee remit the tax dollars they collect from customers,” Revenue Commissioner David Gerregano said. “This indictment should serve as a warning to those that believe they can get away with tax fraud. Our department remains committed to prosecuting tax evaders to ensure a level playing field for all businesses.”
If convicted, he could face two years in a state penitentiary and fined up to $3,000 for each charge of tax evasion.
Copyright 2024 WSMV. All rights reserved.
Apple AI expected to star as new iPhones are unveiled
Why The Bear Star Will Poulter’s Fitness Transformation Has Everyone Saying “Yes, Chef” – E! Online
Tom Brady’s broadcast debut draws mixed reviews. Here’s reactions from NFL fans
Apple delaying key AI features ahead of Glowtime event
Aquarius Horoscope Today: September 9, 2024
More countries are openly flaunting their ties with Putin. They say it’s just business.
Google’s lucrative ad tech business goes on trial
Brian Daboll: Benching Daniel Jones “not in my mind”
Meta’s Llama 3.1 is Advancing AI and Amazon AWS Helps – RetailWire
