Mr. Giuseppe Tarascio is not having much luck convincing the tax courts that his gambling losses should be deductible from his income for tax purposes. See Tarascio v R, 2012 FCA 30, aff’g a decision of Associate Chief Justice Rossiter dismissing the taxpayer’s appeal.
The Crown sent Laurent Bartleman and Marie-Thérèse Boris to oppose Mr. Tarascio at the Federal Court of Appeal. Perhaps it’s standard procedure to assign two high-powered Justice lawyers to an appeal of this nature. Or perhaps Justice wanted to make sure the deduction of gambling losses remained rare, as I noted it might in my article last summer.
