3 ms·
In two words: tax dodge
by joosters 12y ago
In two words: tax dodge
- aarondf 12y agoThis is terrific tax avoidance, which is legal. It's tax evasion that you gotta look out for
- brc 12y agoMore correct is tax deferral.
- deleted 12y ago[deleted]
- tptacek 12y agoIt's a strategy that has a lot to do with taxes, but it's more complicated than a dodge. The idea seems to be that BH wanted to exit their P&G position, but their cost basis was so low that the tax hit would be high. But P&G had something other than cash that BH wanted, so they traded instead of doing a cash transaction.