Monday, July 01, 2013
Simons Strategy to Shield Profit From Taxes Draws IRS Ire - Bloomberg
Even one of the good guys succumbs to excessive greed. The main business of equity departments on Wall Street is swaps. And swaps are used either to; hide losses or convert short term capital gains to long term capital gains.
Simons Strategy to Shield Profit From Taxes Draws IRS Ire - Bloomberg
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