15 January 2007

Say Goodbye to Swag!

Bad news multi-million dollar earning celebs, you wont be getting your usual free swag at tonight's Golden Globes. The IRS has cracked down on celebrity gift bags, also known as swag, given out at award shows, so the Hollywood Foreign Press Association (HFPA) has decided to do away with the gift bags at this years' Golden Globes. The HFPA made the announcement on Wednesday just after reaching an agreement with the IRS stating that they would pay the back taxes for all gifts given out until 2005 and give celebs that received swag in 2006 with tax forms. Oh snap!!
The goodie bags last year were worth $40,000. This year, they will receive a "no-taxes-required" bag worth $6,000. Still not a bad gift if you ask me! If you want to read more, head over to Yahoo News.

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