Wong Kee Yock, a panrter in All Family Food Court, was jailed for 6 months for tax evasion. His other partners were also previously jailed for the same period of time. Wong was at the same time ordered to pay about $250,000 as a penalty, which is 3 times the amount of tax evaded.
The partners of the food court had falsified their statements of account to under-declare their profits.
As a reminder, tax avoidance, which involves tax planning, is not illegal but tax evasion is illegal as it involves making false statements to the tax authorities. Sometimes, with complicated artificial multi-stage business transactions, the line between evasion and avoidance may not always be clear.
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