Halifax Promoter’s Tax Tangle
A promoter who received millions of dollars in secret cash advances from the city of Halifax, Nova Scotia, to stage summer concerts and later went broke is challenging the Canada Revenue Agency over taxes.
Harold MacKay of the defunct Power Promotional Events and former business partner Richard Power allegedly owe more than $42,300 in unpaid sales tax for a brewing company and restaurant that ceased operations in 2007, according to the Chronicle Herald.
MacKay and Power claim they shouldn’t be held responsible for Keltic Brewing Company’s unpaid taxes because they sold the business in 2007 to a new owner who agreed to pay the unremitted taxes.
Attorneys for the agency argued in tax court that the men “did not exercise the high standard of care required of them,” the paper said.
A written decision by a tax court judge is forthcoming.