Heroin dealer can claim $220,000 tax deduction, rules court - smh.com.au
A heroin dealer can claim a $220,000 tax deduction for money stolen during a drug deal, a Federal Court has ruled. Justice Robert Nicholson ruled that Francesco Domenico La Rosa, of Perth, earned his taxable income as a drug dealer, according to a report in the West Australian. This meant that La Rosa could claim as a tax deduction losses incurred during the conduct of his income earning - albeit illicit - business. ... "It is arguably an anomaly to which Parliament should give attention."
Arguably an anomaly which needs further attention?? What's next, claiming back the illegal firearms, ammunition and shovels for burying people who tried to muscle in on his turf? I wonder how much an AK-47 depreciates over three years?