A Dalton-based carpet manufacturer has paid over 33-million dollars to settle its federal case for filing a false tax return seven years ago.
Beaulieu of America has paid the money to settle back taxes, fines and penalties from filing a false tax return. It closes the case of an investigation that covered 10 years and spanned several countries.
Court documents said the company "knowingly overstated" a deduction for carpet production equipment at its Alabama plant. The settlement paid includes over 22-million dollars in back taxes.
Wednesday’s resolution follows the details of the plea agreement reached last month which includes Beaulieu’s co-founder stepping-down as CEO. Carl Bouckaert has also been barred from involvement in the company's day-to-day operations for five years.
Beaulieu is the third-largest carpet manufacturer in the country.
Beaulieu of America has paid the money to settle back taxes, fines and penalties from filing a false tax return. It closes the case of an investigation that covered 10 years and spanned several countries.
Court documents said the company "knowingly overstated" a deduction for carpet production equipment at its Alabama plant. The settlement paid includes over 22-million dollars in back taxes.
Wednesday’s resolution follows the details of the plea agreement reached last month which includes Beaulieu’s co-founder stepping-down as CEO. Carl Bouckaert has also been barred from involvement in the company's day-to-day operations for five years.
Beaulieu is the third-largest carpet manufacturer in the country.
