Liberal billionaire George Soros has avoided paying billions in federal taxes by transferring assets to Ireland, a corporate tax haven, Bloomberg reported on Thursday.
Soros “had amassed $13.3 billion” by deferring taxes on fees paid by his hedge fund’s clients, according to Bloomberg. Efforts by U.S. lawmakers to close what some described as a loophole would have generated an additional $6.7 billion in tax revenue from Soros’ trading operation. Continue reading
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