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AGO probes 100 employers for unremitted taxes
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Posted on Jul 07 2004
The Attorney General’s Office is investigating at least 100 employers who failed to remit to the government withheld taxes from their employees.
“These [taxes] are trust money. They are not employers’ money at all,” said Attorney General Pamela Brown.
Had the tax deductions been properly remitted to the government, they would have significantly contributed to the CNMI’s coffers. As of press time, though, the amount of unremitted tax deductions was unavailable.
Brown told the business community that one of the CNMI’s attractions for investors is its stable taxation. Brown was guest speaker at the Saipan Chamber of Commerce’s membership meeting held at the Aqua Resort Club’s Raraina Restaurant yesterday noon.
Earlier, the AGO’s Criminal Division disclosed readying criminal charges against alleged tax evaders who failed to pay income taxes beginning tax year 1999.
Brown said the CNMI’s taxation system complements the CNMI’s control of its immigration in attracting investors. She also said changes in immigration and labor policies have held off the threat of federal takeover.
“We need to get other industries here,” Brown said. “We’re desperate to diversify this economy.”
