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US taxpayer decides to co-operate following contempt order

Six weeks after being hit with a $5,000 per day fine for contempt of court, suspected tax-dodger John Eulich has done a U-turn and turned over records of his Bahamas trust to the IRS.And he is attempting to obtain further records from several Isle of Man-registered entities he is believed to be associated with so that he can also turn them over to the tax agency.