CLAIMS FOR TAX
21m Dollars (N.Z.P..4,-Renter—Copyright) SAN FRANCISCO, Dec. 12. The United States Government has increased its tax claims against an Australianborn business man. Mr John A T. Galvin, to more than 21.000.000 dollars. He owns mining, shipping, ranch and real estate holdings. Mr Galvin, a British Commonwealth citizen, is now living in Ireland with his wife. Mrs Patricia Galvin, and five children. Associated Press reported. Last Thursday, the United States Internal Revenue Service filed a lien against Mr Galvin claiming he owed slightly under 12.000,000 dollars for 1954-1957. The newest action, filed yesterday, names Mr and Mrs Galvin as donors of five separate trust funds established for each of their five children. The claim says the trust funds constituted more than 9.000.000 dollars in gifts, and gift taxes were due on them.
Mr Galvin's San Francisco lawyer, Mr Robert S Cathcart. said: “Any tax liability of Mr Galvin, when finally determined by the tax courts, will be paid in full, and is and always has been fully secured.”
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Bibliographic details
Press, Volume CI, Issue 30005, 14 December 1962, Page 18
Word Count
169CLAIMS FOR TAX Press, Volume CI, Issue 30005, 14 December 1962, Page 18
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