A lawyer representing the controversial influencer Andrew Tate has argued in court that the payments to their online businesses were handled in an orthodox manner, despite police claims of unpaid taxes amounting to £2.8m. The court has been informed that the brothers have earned a significant amount of money from online businesses, including Only Fans. The lawyer emphasized that the money transfers made by the Tates were normal and in line with standard practices. However, the police have alleged that the brothers evaded taxes by creating a complex network of bank accounts to move the money around. The legal battle extends beyond tax evasion accusations, as the Tates are also facing charges of rape, human trafficking, and forming a criminal gang in Romania. Sarah Clarke, representing Devon and Cornwall Police, stated that the brothers had not paid taxes in any country on their earnings. The court proceedings are civil, and the decision to freeze £2.8m in assets belonging to the Tates and a third individual will be based on the balance of probabilities rather than the standard of proof in criminal cases. The outcome of this legal dispute will have a significant impact on how online businesses handle their finances and tax liabilities, and it serves as a reminder to individuals engaging in online entrepreneurship to comply with financial regulations to avoid legal consequences.
Related Posts
The Impact of Businesses Pulling Profits from China
In recent years, foreign businesses have been withdrawing their profits from China at a faster rate than they have been…
Shareholder Legal Action Raises Questions for Cybersecurity Sector: Implications for Companies and Investors
In a significant legal development within the cybersecurity landscape, CrowdStrike has found itself at the center of a contentious lawsuit…
Understanding the Impacts of Natural Disasters on Taiwan’s Economy
The recent 7.4 magnitude earthquake that struck Taiwan’s east coast has not only brought about devastation and fear to the…