French singer Florent Pagny beats tax fraud case

28th January 2005, Comments 0 comments

VERSAILLES, France, Jan 27 (AFP) - One of France's most popular singers, Florent Pagny, won an appeal against a tax fraud allegation Thursday but lost a lesser tax evasion case that requires him to pay a EUR 15,000-(USD 20,000) fine.

VERSAILLES, France, Jan 27 (AFP) - One of France's most popular singers, Florent Pagny, won an appeal against a tax fraud allegation Thursday but lost a lesser tax evasion case that requires him to pay a EUR 15,000-(USD 20,000) fine.

A court in Versailles ruled against French tax authorities who alleged the 43-year-old musician cheated on his taxes by falsely claiming a EUR 1 million (USD 1.3 million) payment from the Polygram record label as a loan rather than revenue.

But it confirmed the fine against him, saying he had failed to pay EUR 48,000 in sales tax and had not declared more than EUR 540,000 in income in 1996-1997, and had also hidden assets that were to have been seized by authorities.

Pagny, who lives much of the year on a vast ranch in Argentina and who was not present for the verdict, was also ordered to EUR 1,000 in court costs and a symbolic EUR 1 to the tax department.

© AFP

Subject: French News

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