Oradell business owner admits tax evasion

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					                                                                                                   services — while endorsing a tax                                       most difficult economy most of us          construction of the third phase, with

        Poll predicts budget vetoes,                                                               break for the rich — hardly seems
                                                                                                   like shared sacrifice,” said Assembly-
                                                                                                                                                                          have ever seen,” Quigley said. “It de-
                                                                                                                                                                          fies logic.”
                                                                                                                                                                                                                     the developer paying the remainder
                                                                                                                                                                                                                     of the project costs. Construction is

            survival of blue laws                                                                  man Gordon M. Johnson (D-Engle-
                                                                                                   wood). – Andrew Kitchenman
                                                                                                                                                                                In an April 14 news conference,
                                                                                                                                                                          Christie said the change in the UEZ
                                                                                                                                                                                                                     expected to be complete in late sum-
                                                                                                                                                                                                                     mer, and the 10 to 15 new retailers in
                                                                                                                                                                          funding will be for one year, but          the third phase could open during
    A PANeL of political and business insiders expects Republican Gov.
    Chris Christie’s no-tax-increase vow to meet strong opposition from the                        Mad dash for top talent                                                questioned how towns have been
                                                                                                                                                                          using the money.
                                                                                                                                                                                                                     the fourth quarter, according to the
                                                                                                                                                                                                                     authority, which declined to provide
                                                  Democrat-controlled Legis-
                                                  lature, according to the latest
                                                                                                   picks from CMX fallout                                                       “There are some problems with        the retailers’ names.
                                                                                                                                                                          how some of the Urban Enterprise                CRDA and Cordish began work
                                                  Capitol Insights poll.                           The unwinding of the New Jersey op-                                    Zone funds have been expended,             in April 2000 on The Walk, which cur-
                                                        Nearly half, 44.8 percent,                 erations of engineering services firm                                  and there are some problems with           rently includes about 485,000 square
                                                  said the Legislature will send                   CMX, in Manalapan, has allowed                                         how they haven’t been expended,            feet of retail and dining space. The
                                                  Christie a tax increase that re-                 rival firms some rich talent picks.                                    even though they’ve been collected         two parties are beginning discus-
                                                  instates the “millionaires” tax                  T&M Associates, of Middletown,                                         and given to municipalities,” Chris-       sions on the fourth and last planned
    and a budget that spends those monies — and the governor will veto                             and Innovative Engineering, of                                         tie said. – Andrew Kitchenman              phase of the project. – Evelyn Lee
    both. And 38.1 percent predict a compromise, with Christie signing a                           Wall, have joined Birdsall Services
    budget that includes a tax increase.                                                           Group, of Sea Girt, and Langan, of
          The state’s unemployment insurance fund is running low and em-                           Elmwood Park, in the talent chase.
                                                                                                                                                                          Atlantic City outlet project               Oradell business owner
    ployers face an automatic increase of $484 per employee if nothing is
    done. Nearly 47 percent said Christie and the Legislature will find a solu-
                                                                                                        Clients in need of engineering                                    begins $15M third phase                    admits tax evasion
                                                                                                   services tend to go with the engi-
    tion that’s not yet on the table, while 32.7 percent expect a multiyear                        neers that implement their proj-                                       The Cordish Co., a Baltimore-based         An Oradell print shop owner plead-
    phase-in of the payroll tax increase.                                                          ects, and not necessarily the firms                                    shopping center developer, has             ed guilty to hiding $1.3 million in
          “employers have been effective in explaining that allowing the                           that employ them. The new CMX                                          started construction on the third          Swiss bank accounts, according to
    automatic tax increase to occur would make it harder to create new                             business would lift T&M’s annual                                       phase of Atlantic City Outlets’ The        an announcement by U.S. Attorney
                                                                    jobs and grow                  revenue of $42 million to $50 mil-                                     Walk, an outlet retail and entertain-      Paul J. Fishman last week.
                                                                    New Jersey’s
      What is the most likely outcome of the                                                       lion with the additions, said Gary                                     ment project at the foot of the Atlan-           Harry Abrahamsen funneled
                                                                    economy. em-
      unemployment insurance fund shortfall?                        ployers need
                                                                                                   Dahms, T&M senior vice president                                       tic City Expressway, the Casino Re-        profits from his company, SJT Im-
                                                                                                   and chief operating officer.                                           development Authority announced            aging Inc., to his UBS AG bank ac-
     Automatic tax increase.                       7.5%             to continue                         “We have had already several                                      last week.                                 count in 2005, but failed to file a
     $50 weekly reduction and                                       making their                   clients transfer their contracts to                                          The $15 million third phase          required report documenting that,
     1-week waiting period.                        13.1%            voice heard,                   us,” Dahms said. “That was part of                                     will consist of 45,078 square feet of      Fishman said.
     Multiyear phase in of                                          though, as the                 our strategy.”                                                                                                          U.S. citizens with foreign ac-
     a payroll tax increase.                       32.7%            insiders say                        T&M h
Description: Abrahamsen admitted to funding the UBS accounts with "false and inflated expenses" paid by SJT Imaging to a Swiss company. Because the inflated expenses were deducted on SIT Imaging's corporate tax returns, Abrahamsen un der- reported his personal income from 1999 through 2003, Fishman said.
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