4 ms·
Looked at one randomly, looks like some University fund is a shareholder (with over 200 other funds) of a Warburg Pincus fund (a private equity company). I'm n
by tonfa 9y ago
Looked at one randomly, looks like some University fund is a shareholder (with over 200 other funds) of a Warburg Pincus fund (a private equity company).
I'm not exactly sure how that's a big deal, nothing there implies they avoid taxes or anything. (Maybe the fund they invest in does shady things, but it doesn't look like they have any kind of weird offshore setup)
- ryacko 9y agoIt's hard to divert money when you're incorporated as a non-profit.
- vixen99 9y agoDo you mean evade or avoid? Everyone avoids tax. Currently taxes on property transfers in the UK are 5% on property priced at £925,000 and 10% if priced at £925,001. I guess Joe Nonavoider sets the price at the latter figure?
- zimpenfish 9y ago> Everyone avoids tax. No, not everyone. And not everyone evades or optimises tax either.