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Right, and with option B there was a massive tax burden, as per the article. So they chose C, avoid taxes, keep the family in charge of the company.
by refurb 4y ago
Right, and with option B there was a massive tax burden, as per the article.
So they chose C, avoid taxes, keep the family in charge of the company.
- smt88 4y agoYou either didn't read the article or misread it. Option B didn't and couldn't have had a massive tax burden. The $700M in the title is referring to option A. The company only has ~$100M in profits to tax in the first place. Non-paywall: https://archive.ph/ifEzF https://archive.ph/ifEzF