Syed1.
BANNED
- Joined
- Dec 7, 2016
- Messages
- 6,306
- Reaction score
- -1
- Country
- Location
Kasam se... Same thing with CRA in Canada.Yes, you don't realize how tough until you have income or assets in multiple countries. When I purchased a house and car(s) in the UK after I moved there in 2014. I had to show proof that the income was legitimate and already taxed in the US and France. Besides people forget Al Copone, he got 11 years maximum security for tax evasion
Don't mess with the IRS getting audited by them or their cousins across the Atlantic is indeed a traumatizing experience.
I know a Pakistani guy who thought CRA is like FBR. He was running a construction business which was doing well but in his tax returns wasn't showing much of an income so that he doesn't have to pay his taxes. CRA got a sniff of it and and started an audit. Obviously he couldn't match his life style with his declared income and massive fines were imposed I'm talking in the tune of $250,000. He cannot get a loan, mortgage or car financing till he pays off the fine. His bank accounts are now monitored and anything coming in and out is checked by CRA.
People in Pakistan don't know how bad these tax agencies can mess up your life.