3 ms·
https://www.thedailybeast.com/trump-moneymans-dollar7-billion-secret-war-with-the-irs https://www.thedailybeast.com/trump-moneymans-dollar7-billio... The IRS’s
by opportune 8y ago
https://www.thedailybeast.com/trump-moneymans-dollar7-billion-secret-war-with-the-irs https://www.thedailybeast.com/trump-moneymans-dollar7-billio...
The IRS’s wording suggests that other funds may have also been improperly using basket options. I’m admittedly not even close to being a tax law expert so I can’t really offer much more analysis
I’m pretty sure I was wrong that the taxes were being used as arbitrage, though. The allegedly unpaid taxes seem to be based on payments out of the fund to employees
- whatok 8y agoSo they currently have a tax dispute with the IRS over something that was legal at the time and since changed. Why should they be going to jail over that?