THE millionaire owner of the Banjos bakery chain will serve one year in jail for lying to the tax office.
Mark Anthony Saxby, 50, who owns the Banjos chain of bakeries, was found guilty of hiding more than $100,000 a year from the tax office between 1992 and 1995.
He was found guilty earlier this year on two charges of defrauding the Commonwealth and two charges of imposition.
In the Tasmanian Supreme Court on Tuesday, Saxby was ordered to serve 12 months in prison, and to be of good behaviour for two years after his release.
The court heard Saxby had staff "skim" money from the tills of Hobart stores in order to hide earnings from the Australian Tax Office.
The staff were then rewarded with gifts including cash and a car valued at $20,000.
In handing down his decision, Justice Alan Blow said Saxby had "not shown any contrition for these crimes".
"Tax evasion no doubt causes enormous losses of revenue to the Commonwealth," he said.
But Justice Blow said going to court had been an ordeal for Saxby and his family.
"The outcome of this case has been such a disaster for Mr Saxby that I do not see personal deterrence as a significant sentencing factor," he told the court.
Read more about the Mark Saxby case at The Mercury.
ncG1vNJzZmivp6x7r7HWrGWcp51jrrZ7waucmqOZo7RuusSwqmilmaG5qrvNmqCrnV2Xrq%2B2zqxkqK%2Bemr9uucCromarka2vunnTqGSsnaKrsm6tjLKcmqpdnrtutsCio2imlazAbr%2FTqKmyZ2losHiFkW%2Bab3FobLNyrcNucJ9wYGiuc3zAm5ybcZFl