Conrad Black owes a bunch of back taxes
What’s the world coming to when a former media baron can’t evade taxes in peace? A judge has ruled that Conrad Black owes previously unpaid taxes on about $5.1 million in income and benefits. That’s because the Lord was technically a resident of Canada (at least for tax purposes) in 2002. Black had argued that he wasn’t a Canadian resident at that time, meaning the money wouldn’t be taxable. According to the Star, the CRA hasn’t revealed how much Black will have to pay.
Black, who was readmitted to Canada in 2012 after a serving a multi-year U.S. prison sentence for fraud and obstruction of justice, has a few other legal proceedings on the go. The Ontario Securities Commission is thinking about banning him from trading securities and running public companies, and the Order of Canada is considering removing him from its ranks. It’s getting to the point where we’re starting to want to see him win one, for a change.