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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Government Education Search Search: Beauty salon director, food court partners charged with tax evasion Channel NewsAsia - Saturday, December 20 SINGAPORE: Modern Beauty Salon Group of Companies and its former director Joyce Tsang Yue have been charged with tax evasion. Four of its companies — Modern Beauty Salon Co., Modern Beauty Salon (South Bridge), Modern Fitness (T.P.) Co. and Modern Elite Salon Co. face a total of seven charges for omitting to declare about S$3 million worth of income between 1998 and 2001. Total amount of tax involved was over S$760,000. Tsang is accused of assisting the four companies to commit those seven offences. She is currently in Hong Kong and was unable to appear in court on medical grounds. The combined tax penalties for Tsang and the companies face amount to over S$4.5 million. The case will be mentioned again on January 13 next year. In a separate case, two food court partners were also charged with six counts of tax evasion each. Ang Boon Chye and Wong Kee Yock, who have stakes in the All Family Food Court, had each under—declared a total of S$536,534 in profits between 2000 and 2005. In some instances, they had even declared making a loss when they had actually turned in a profit. Both are out on S$10,000 bail each and their passports have been impounded. Their case has been adjourned to 16 January 2009. — CNA/vm Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Singapore S$3m motor sports extravaganza to be held later this month at ChangiChannel NewsAsia - 1 hour 8 minutes ago US senator on four—day visit to SingaporeChannel NewsAsia - 1 hour 48 minutes ago Singapore supports UN resolution on Somalia piracy situationChannel NewsAsia - Saturday, December 20 India regulator to decide Nifty futures trade timeReuters - Saturday, December 20 Singapore's F&N cancels sale of publishing unitReuters - Saturday, December 20 Most Popular – Singapore Viewed Global economy seen sinking into 'severe' 2009 recession: report New York oil price slumps below $34 a barrel Actress Jennifer Aniston appears naked in GQ magazine Ageing L'Oreal heiress defends billion-dollar giveaway 'Orderly' bankruptcy mulled for US carmakers View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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