Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Heroin Dealer Can Write Off Stolen Drug Money
Reuters ^ | Aug 22, 2002 | Reuters

Posted on 08/22/2002 2:27:31 PM PDT by jern

SYDNEY (Reuters) - An Australian court has given a convicted heroin dealer the all-clear to write off $118,800 in stolen drug money from his tax bill.

The Federal Court ruled that as jailed felon Francesco Dominico La Rosa had earned his taxable income through selling drugs, he was likewise entitled to deduct from his taxes expenses incurred as part of his criminal endeavours.

Perth resident La Rosa was jailed for 12 years in 1996 for importing and selling heroin.

As soon as he was behind bars, Australia's meticulous tax authorities pounced and presented him with a $243,000 tax bill based on what court proceedings had revealed about his estimated illicit income.

La Rosa fired back with a claim to deduct the $119,000 he said he had buried in the garden of his daughter's home and which he intended to use to buy more drugs. He said the money had been stolen by other criminals when he went to make a deal.

He had already won an earlier court case but the Australian Taxation Office appealed.

Federal Court Justice Robert Nicholson rejected the appeal on Wednesday, according to court documents.

"The findings of the tribunal are that the occasion of the loss occurred during an intended drug purchase and was directly connected with the carrying on of the taxpayer's illicit drug dealing business," Nicholson said in his ruling.

"For these reasons I do not consider that this ground of appeal as pressed can succeed."


TOPICS: Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: drugmoney; heroindealer; stolen; writeoff

1 posted on 08/22/2002 2:27:32 PM PDT by jern
[ Post Reply | Private Reply | View Replies]

To: jern
I'm confused.
2 posted on 08/22/2002 9:10:14 PM PDT by Leper Messiah
[ Post Reply | Private Reply | To 1 | View Replies]

To: Leper Messiah
I'm confused.

Essentially, the court figured that this guy made enough money selling drugs that he owed AU$243,000. This guy then claimed that since some of the money he'd made had been lost to theft, he shouldn't have to pay taxes on that part. Apparently the court agrees.

3 posted on 08/22/2002 11:21:09 PM PDT by supercat
[ Post Reply | Private Reply | To 2 | View Replies]

To: supercat
Thats what I thought, I think my confusion was that I couldnt believe it. HAHA
4 posted on 08/23/2002 10:01:09 AM PDT by Leper Messiah
[ Post Reply | Private Reply | To 3 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson