Michael Jackson, US tax court reduces taxes to heirs

(ANSA) - LOS ANGELES (USA), MAY 05 - A tax court in the United States has recognized an important victory for the heirs of Michael Jackson, after a legal battle that lasted years.

   The American media reported it.

    In fact, the court found that the Internal Revenue Service (IRS) - the US government agency responsible for collecting taxes - at the time of the death of the king of pop, had enormously inflated the value of Jackson's assets and image, leading to too much taxation. high tax on his heirs.

    The IRS had estimated three controversial aspects of the singer's value at the time of his death in 2009 at around $ 482 million. In his ruling issued yesterday, Judge MarkHolmes reduced that figure to 111 million, much closer to the heirs' estimates. Executors said it was a huge and unequivocal victory for Jackson's children. (HANDLE).