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International Tax Blog - New and Interesting International Tax Issues

Famous Tax Quotes - Self-serving, Unreliable, Unverified, and Contradicted Testimony


Continuing our series on Famous Tax Quotes (quotes from court opinions and rulings with language that is colorful or that concisely states an important tax principle) today's tax quote is:

Mrs. Fairbank testified that she does not “know anything about UBS,” did not engage Dr. Lienert or Mr. Besser, and never asked anyone to create Xong Services on her behalf. [FN 35] We are not convinced.

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FN 35 * * * We find Mrs. Fairbank’s testimony to be self-serving, unreliable, unverified, and in contradiction with some of the stipulated documents in this case.

Fairbank v. Commr., T.C. Memo 2023-19.

Tags: Other - Famous Tax Quotes