Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Crime
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • WKRN News 2

    Owner of Nashville auto business indicted on felony tax evasion and theft

    By Jessica Barker,

    4 days ago

    https://img.particlenews.com/image.php?url=0V6bSG_0uiID63900

    NASHVILLE, Tenn. (WKRN) — A Nashville business owner has been indicted on six felony counts of tax evasion and one count of theft over $250,000.

    📧 Have breaking news come to you: Subscribe to News 2 email alerts

    Paul E. Cox was indicted on July 24, according to a press release from the Tennessee Department of Revenue. Cox owns Southeast Automotive in Goodlettsville.

    The indictment alleges that Cox falsified monthly sales tax returns. Additionally, Cox also failed to remit sales taxes of more than $250,000 to the Department of Revenue.

    “Most businesses in Tennessee remit the tax dollars they collect from customers,” Revenue
    Commissioner David Gerregano said in the release. “This indictment should serve as a warning to those that believe they can get away with tax fraud. Our department remains committed to prosecuting tax evaders to ensure a level playing field for all businesses.”

    Read today’s top stories on wkrn.com

    Cox could be sentenced to a maximum of two years in the state penitentiary and fined up to $3,000 for each tax evasion charge. Cox could also be sentenced to a maximum of 25 years and fined up to $50,000.

    His bond was set at $50,000.

    Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

    For the latest news, weather, sports, and streaming video, head to WKRN News 2.

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Most Popular newsMost Popular

    Comments / 0