The owner of the nation’s largest maker of machine tools agreed to plead guilty to conspiracy in cheating the government out of $34.3 million in taxes through what the I.R.S. called “deceptive and elaborate tax evasion schemes.”
The businessman, Gene F. Haas, 55, will admit guilt in the case, which involves his company, Haas Automation, as well as several others. He is to change his plea to guilty on Monday. The plea agreement is subject to approval by a Federal District Court judge in Los Angeles.
Back taxes, a $5 million fine, fraud penalties of 40 percent and interest will bring Mr. Haas’s total cost for cheating on his 2000 and 2001 taxes to more than $70 million and on top of that, he also agreed to serve two years in prison. (ouch)
nytimes.com
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