Current and former executives of hedge fund Renaissance Technologies LLC will personally pay as much as $7 billion in back taxes, interest and penalties to settle a long-running dispute with the Internal Revenue Service, the firm said, a tax settlement that may be the largest in history.
Why does the IRS get the windfall, what about the market participants that suffered negative impacts of these actions?
Why the hell weren’t they paying their taxes.
If that was not a billionaire, they would all be in prison!
Will anyone go to jail? Or did they pay their way out?
this is terrible news
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James Simons, Robert Mercer, Others at Renaissance to Pay $7 Billion to Settle Tax ProbeIn a tax settlement that may be the largest in history, executives of hedge fund Renaissance Technologies LLC will personally pay approximately $7 billion to settle a long-running dispute with the Internal Revenue Service. Short squeeze bro Jim Simmons “Hold on let me grab my checkbook”. 😳 Oh, surprise, these are heavy Republican donors.
Source: WSJ - 🏆 98. / 63 Read more »
James Simons, Robert Mercer, Others at Renaissance to Pay $7 Billion to Settle Tax ProbeIn a tax settlement that may be the largest in history, executives of hedge fund Renaissance Technologies LLC will personally pay approximately $7 billion to settle a long-running dispute with the Internal Revenue Service. Short squeeze bro Jim Simmons “Hold on let me grab my checkbook”. 😳 Oh, surprise, these are heavy Republican donors.
Source: WSJ - 🏆 98. / 63 Read more »
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