April 3, 1974, Statement--Decision of Joint Comm. on Internal Revenue Taxation
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OCR Page 1 of 8FOR IMMEDIATE RELEASE
APRIL 3, 1974
Office of the White House Press Secretary
THE WHITE HOUSE
WHITE HOUSE STATEMENT
We have learned of the decision by the Joint Committee on Internal Revenue
Taxation to release a staff analysis of the President's taxes before the
Committee itself has had opportunity to evaluate the staff views, and before the
President's tax counsel could advise the Committee of their views on the
many legal matters in dispute in that report.
Yesterday the President received a statement from the Internal Revenue
Service indicating its view, also, that he should pay an additional tax.
The President's tax counsel have advised him that the positions they have sought
to present to the Committee, as outlined in their brief, are valid and compelling.
His intent to give the papers was clear. Their delivery was accomplished in
March, 1969, four months before the July deadline. His intent as to the amount
of the gift was stated to his counsel. Because of these facts the President's
tax counsel strongly affirm that those various issues could be sharply and
properly contested in court proceedings such as are open to an ordinary taxpayer
to review the decisions of the Internal Revenue Service,
The President believes that his tax counsel can make a very strong case against
the major conclusions set forth in the Committee's staff report. However,
at the time the President voluntarily requested the Committee to conduct its
examination of his tax returns, he stated that he would abide by the Committee's
judgment. In view of the fact that the staff report indicates that the proper
amount to be paid must be determined by the Internal Revenue Service, he has
today instructed payment of the $432, 787. 13 set forth by the Internal Revenue
Service, plus interest.
It should b e noted that the report by the Internal Revenue Service rebuts any
suggestion of fraud on the part of the President. The Committee's staff
report offers no facts which would support any such charge.
Any errors which may have been made in the preparation of the President's
returns were made by those to whom he delegated the responsibility for
preparing his returns and were made without his knøwledge and without his
approval.
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