3 ms·

I would argue avoiding taxes from the country where the fund is managed is a bit illegitimate.

• lordnacho 9y ago
  That's what I just explained doesn't happen.
  • irishasaurus 9y ago
    So the fund is managed in the Caymen Islands?
    • lordnacho 9y ago
      No, it isn't. The people who decide what the fund buys and sells are in London, NYC, Zurich, etc. They pay taxes according to where they are. The fund vehicle is in the Caymans / Bermuda / IoM etc.
      • irishasaurus 9y ago
        Why aren't they based in NYC or London then? https://www.quora.com/How-are-hedge-funds-structured-so-that-they-avoid-paying-tax-on-the-increase-in-the-value-of-their-portfolios https://www.quora.com/How-are-hedge-funds-structured-so-that... https://panamapapers.icij.org/ https://panamapapers.icij.org/ http://www.alternet.org/story/150904/7_ways_hedge_funds_lie%2C_cheat_and_steal http://www.alternet.org/story/150904/7_ways_hedge_funds_lie%...
        • lordnacho 9y ago
          Read what I wrote. The management company is based in London, the fund that holds the investments is based in the Caymans. There's nothing in your links that contributes to this discussion.
• deleted 9y ago
  [deleted]
• bitlax 9y ago
  You avoid taxes every time you take a deduction.