U.S. Law Firm Must Pay Dutch DJ Tiësto Nearly €17 Million over Faulty Tax Advice
13 Articles
13 Articles
The Dutch DJ is a tax resident of the United States and is therefore required to pay more tax. The law firm misinformed him about this.
World-famous DJ Tiësto sought advice from the 'tax advisor to the stars,' Frank Butselaar. Butselaar advised him not to declare income earned outside the US. This resulted in a tax assessment of nearly 17 million euros for the artist, which he reclaimed from the law firm where Butselaar worked. The court has now ruled in his favor.
Algemeen Dagblad
On Tuesday, the Amsterdam Court of Appeal ruled in favor of DJ Tiësto in an appeal case he had filed against an American law firm for incorrect tax advice. Consequently, law firm Greenberg Traurig must pay the Dutch DJ, whose real name is Tijs Verwest, nearly 17 million euros in damages. The law firm is also responsible for the legal costs totaling nearly 35,000 euros.
U.S. law firm must pay Dutch DJ Tiësto nearly €17 million over faulty tax advice
An Amsterdam appeals court ruled Tuesday that U.S. law firm Greenberg Traurig must pay Dutch DJ Tiësto nearly 17 million euros in damages for incorrect tax advice it gave him in 2012, overturning a lower court decision that had found no harm from the error. The court also ordered the firm to cover nearly 35,000 euros in legal costs.
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