GT40s.com - View Single Post - Valentino Rossi paga al fisco 35 milioni di euro

Cliff Beer · 02-12-08, 07:49 PM

In the US it's not uncommon to negotiate a settlement with the taxing authority (usually, the Internal Revenue Service). However, that's generally only in the situation where a) the tax payers position was taken in good faith, and b) the tax code rules reasonably allowed for some misinterpretation or misapplication. Where a) and b) aren't present then the IRS is just as likely to throw the tax payer in jail!!

02-12-08, 07:49 PM	#6 (permalink)
Cliff Beer Cliffbeer2 2 Tenths Join Date: Jun 2007 Location: Sand Point, WA GT40: CAV Posts: 293 Rep Power: 4	Re: Valentino Rossi paga al fisco 35 milioni di euro In the US it's not uncommon to negotiate a settlement with the taxing authority (usually, the Internal Revenue Service). However, that's generally only in the situation where a) the tax payers position was taken in good faith, and b) the tax code rules reasonably allowed for some misinterpretation or misapplication. Where a) and b) aren't present then the IRS is just as likely to throw the tax payer in jail!!