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except for the fact that the tax dodging services Barclays helped enact for Rennaissance were illegal.
by jgalt212 11y ago
except for the fact that the tax dodging services Barclays helped enact for Rennaissance were illegal.
- gaadd33 11y agoWhere does it say that in the article? Or that Rennaissance was found guilty?
- jgalt212 11y agoPlease don't be so naive. It's only because Renaissance is so rich and powerful that they are not in jail. If some piker tried the same strategies, they'd be in jail. The politicians are afraid to jail billionaires. > The Democrat stopped short of saying that any of the activities that allowed Renaissance to lower its tax bills were illegal, and said it appears the banks stopped offering them after the IRS started to question the financial arrangements. http://thehill.com/policy/finance/212875-probe-banks-hedge-funds-used-fictions-to-skirt-capital-gains-taxes http://thehill.com/policy/finance/212875-probe-banks-hedge-f...