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Claim That Nygard Owes $3 Million In Real Property Tax

A REPRESENTATIVE of Peter Nygard yesterday failed to respond to claims that the billionaire fashion designer owes the government more than $3 million in real property tax.

Despite earlier assurances that a statement would be forthcoming, Earlin Williams, who spoke on Mr Nygard’s behalf, finally said at about 10:30 last night that he was not authorised to speak on the matter.

According to well-placed government sources, the controversial Lyford Cay resident is in arrears to the amount of $3,026,851.64 as of July 17.

It is unclear if Mr Nygard has made a payment on his account since last Thursday; however, it has been suggested that the outstanding bill is due to a standoff with the Real Property Tax Office over zoning classification.

According to sources, Mr Nygard has taken issue with the classification of his property as commercial, which has a significantly higher tax rate.

Last night, Minister of State for Finance Michael Halkitis said that he was not privy to the status of individual accounts. He added that he would not comment on the status of a private individual.

Mr Halkitis told parliamentarians last month that the Government’s real property tax amnesty yielded $9.1 million in extra revenues during its first three months. While more than 1,000 taxpayers settled their outstanding bills, Mr Halkitis reported during the 2013/2014 Budget debate that some 471 property owners had registered with the Chief Valuation Officer for the first time.

Last night, Mr Williams said a statement on the Nygard tax would be issued sometime today.

Comments

banker 7 years ago

Nygard has a free pass and a get-out-of-jail card with this government. After all, he took back the Bahamas.

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jackflash 7 years ago

Earlin Williams,,,,

Boy this guy keeps rally good company.....

Same Earlin Williams that was involved with the Korean Fishing boat scandal!!!

The boys are back in charge...

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ThisIsOurs 7 years ago

Don't forget tamper with evidence legal counsel Keod Smith.

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JohnDoes 7 years ago

If this is true, then this will determine the exact state of our country.

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ohdrap4 7 years ago

Well they had to come up with something to make him stop talking to the press.

It worked. He sends the representative now.

Brilliant!

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thomas 7 years ago

Now he is officially a PLP.

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digimagination 7 years ago

Can't have your cake and eat it!

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