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RenTech's magic comes from their tax attorneys and creative accounting like their ploy to get long term capital gains treatment on daily trades! They've had to
by caminante 2y ago
RenTech's magic comes from their tax attorneys and creative accounting like their ploy to get long term capital gains treatment on daily trades! They've had to pay at least 7 billion in fines, which is an astronomical fine [0] and probably means they were doing even worse.
[0] https://www.reuters.com/business/finance/renaissance-executives-pay-about-7-bln-settle-tax-probe-wsj-2021-09-02/ https://www.reuters.com/business/finance/renaissance-executi...