Frank Butselaar, a distinguished tax lawyer identified for representing world-famous DJs Tiësto and Afrojack, has been sentenced to 30 months in jail for tax fraud in New York. A critical blow to Butselaar, a 65-year-old guide dubbed the “taxman to the celebs” by the Dutch press.
Tax Fraud
This final result of the fraud may present advantageous for Butselaar’s purchasers Afrojack and Tiësto. The courtroom has ordered Butselaar to pay an astonishing $19.25 million in restitution. That is the quantity that federal prosecutors allege he helped the 2 DJs save from 2012 to 2018. Performed by a posh net of offshore tax shelters in Cypress and Guernsey. Butselaar would file tax paperwork indicating that his purchasers’ family and friends members had been the beneficiaries of these shell firms and trusts. In a big twist, the authorities are demanding that Butselaar, bear the monetary duty to the IRS. Each Tiësto and Afrojack, additionally Dutch residents, haven’t confronted any costs associated to this tax shelter scheme. Prosecutors have emphasised that the DJs had been unaware of Butselaar’s fraudulent ways.
Throughout this era, each Tiësto and Afrojack had been categorized as U.S. tax residents because of their short-term keep within the nation. Legally required to pay taxes on their worldwide revenue on the time. In 2017 Forbes estimated Tiesto earned $39 million within the final fule yr that prosecutors say Butselaar ran his scheme. In response to Butselaar’s lawyer, they’ve settled with the IRS for a small portion of the owed taxes. Butselaar, a former accomplice at Greenberg Traurig’s Amsterdam workplace, has pleaded responsible to 1 depend of aiding within the submitting of a false tax return, regardless of initially difficult the fees. He’s left about six months of his sentence after spending 21 months in detention. Butselaar’s lawyer strongly argues requiring him to pay the $19million sum is unjust, as he was not the taxpayer concerned within the case.
As of now, representatives of Afrojack and Tiësto haven’t responded to requests for feedback concerning the scenario. Keep tuned to EDMTunes for the newest information within the digital music world.
