No doubt Imelda Marcos is sleeping peacefully tonight, dreaming of Prada and Fendi shoes…
A Philippine court has acquitted her on five counts of tax evasion filed 16 years ago. Marcos allegedly failed to file a tax return and to pay $730 US in income taxes for 1985. But more seriously, she was accused of failing to file an estate tax return for her husband’s estate and not paying the related $124 million US in tax. She was also accused of failing to notify the tax bureau of her husband’s death in 1989 (but c’mon, who didn’t know?).
At one point, Marcos faced more than 900 various criminal and civil cases stemming largely from behaviors during her husband’s 20-year dictatorship in the Philippines. Most have been dismissed, though a whopping 40 criminal cases remain.
Marcos’ husband was ousted during a revolt in February 1986, forcing him and his family to flee to Hawaii, where he died in exile in 1989.
I will admit that I have a woeful lack of knowledge as to whether a federal estate tax return was filed in the US. Anybody?
that is sooooooooooooooooooo bad!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!