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Reap what you sow at the TAX top (Read 989 times)

juliar

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Australian Politics

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Reap what you sow at the TAX top
May 18^th, 2017 at 10:19am

The mighty come crashing down.

ATO Deputy Commissioner Michael Cranston to be charged in relation to $165m fraud syndicate allegedly involving son
9NEWS 7:25am May 18, 2017

VIDEO: Police smash tax fraud syndicate

ATO Deputy Commissioner Michael Cranston will be charged over a major tax fraud allegedly involving his son.

Mr Cranston has been issued with a court attendance notice for allegedly publicly abusing his position as a public officer in a senior official of the Commonwealth, the AFP said today.

Mr Cranston's 30-year-old son Adam and eight other people have been arrested over the $165 million tax fraud investigation.

The arrests were made following an eight-month investigation, codenamed Operation Elbrus, with assistance from ATO, Australian Federal Police (AFP) said on Thursday.

"The scale of this allege fraud is unprecedented for the AFP," said Australian Federal Police Deputy Commissioner Operations Leanne Close on Thursday.

Adam Cranston, 30, was arrested for his alleged part in a multi-million dollar crime syndicate. (AFP/Facebook)

Adam Cranston and his wife. (Facebook)

Adam Cranston was arrested yesterday in one of 28 police raids across Sydney, Wollongong and the Southern Highlands.

A number of items have also been seized as part of the investigation, including an orange and blue Ford GT owned by Adam Cranston.

Authorities allege a Sydney financial service organisation co-chaired and managed by Adam Cranston, SYNAP, played a key part in the scheme.

Police will allege SYNAP siphoned wage payments through “second tier” companies in avoid paying full income tax.

The remaining tax – alleged to total more than $165 million – was then divvied up among syndicate members, police will claim.

Adam Cranston is expected to face Central Local Court today.

© Nine Digital Pty Ltd 2017

Read more at http://www.9news.com.au/national/2017/05/18/06/11/son-of-ato-boss-charged-over-a...

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Sir lastnail Gold Member Offline Australian Politics Posts: 30100 Gender:	Re: Reap what you sow at the TAX top Reply #1 - May 18^th, 2017 at 10:38am Must be a liberal supporter. That's the only way they can succeed in life.
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juliar Gold Member Offline Australian Politics Posts: 22966	Re: Reap what you sow at the TAX top Reply #2 - May 18^th, 2017 at 11:03am Suppose it's unfair to mention the NSW Laborite Eddie O. and the coal.
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Bam Gold Member Offline Australian Politics Posts: 21905 Gender:	Re: Reap what you sow at the TAX top Reply #3 - May 18^th, 2017 at 12:46pm juliar wrote on May 18^th, 2017 at 11:03am: Suppose it's unfair to mention the NSW Laborite Eddie O. and the coal. Why not mention Macdonald, Sinodinos and Joyce as well? They're all corrupt.
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Bam Gold Member Offline Australian Politics Posts: 21905 Gender:	Re: Reap what you sow at the TAX top Reply #4 - May 18^th, 2017 at 12:52pm This is why we need a independent Federal anti-corruption commission. Who knows how much more corruption is out there waiting to be uncovered?
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juliar Gold Member Offline Australian Politics Posts: 22966	Re: Reap what you sow at the TAX top Reply #5 - May 18^th, 2017 at 7:28pm Heavens a bad moon must be rising as politically correct Bammy is moved to poke the head around the smokescreen of political correctness and display a level of erudition rarely seen.
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Bobby. Gold Member Online Australian Politics Posts: 106695 Melbourne Gender:	Re: Reap what you sow at the TAX top Reply #6 - May 18^th, 2017 at 7:36pm 165 million dollars ! Hang em high.
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Aussie

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Re: Reap what you sow at the TAX top
Reply #7 - May 18^th, 2017 at 7:42pm

Bam wrote on May 18^th, 2017 at 12:52pm:

This is why we need a independent Federal anti-corruption commission. Who knows how much more corruption is out there waiting to be uncovered?

100% agree. These fat cats at the top hound the little guys over SFA on tax issues, yet you can guarantee that at the top....there will be serious crap happening.

Cranston Snr is in one of the most powerful positions in Australian with policy control over the lives of the mere minions....yet there he is......seemingly innocently (allegedly) passing info to his son and daughter.

Did it never cross his mind to ask where/how they managed to acquire all that 'bling'

Nah.

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Bobby. Gold Member Online Australian Politics Posts: 106695 Melbourne Gender:	Re: Reap what you sow at the TAX top Reply #8 - May 18^th, 2017 at 11:42pm See channel 9s video here: https://www.9now.com.au/a-current-affair/2017/clip-cj2ubiyct000u0hmo0ejdqt88
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