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	<title>Hedge Fund News From HedgeCo.Net &#187; margin-lending</title>
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		<title>Probe Says:  IRS, Major Banks Helped Offshore Hedge Funds Avoid Billions in Taxes</title>
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		<pubDate>Fri, 12 Sep 2008 00:00:00 +0000</pubDate>
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		<description><![CDATA[New York (HedgeCo.Net) &#8211; A year-long probe launched by a U.S. Senate Committee has discovered that numerous Wall Street banks have assisted offshore hedge funds in evading millions of dollars in U.S. taxes.&#160; The Permanent Subcommittee on Investigations has concluded that Lehman Brothers, Morgan Stanley, Merrill Lynch, UBS, Citigroup and Deutsche Bank created products to [...]]]></description>
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		<title>Lehman, UBS Among Firms Involved in Tax Dodge, U.S. Probe Says</title>
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		<pubDate>Thu, 11 Sep 2008 00:00:00 +0000</pubDate>
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		<description><![CDATA[Bloomberg &#8211; Lehman Brothers Holdings Inc., UBS AG and Merrill Lynch &#38; Co. are among Wall Street firms that concocted derivatives and stock-loan deals to help offshore hedge funds dodge hundreds of millions of dollars in U.S. taxes, according to a U.S. Senate committee investigation. The Internal Revenue Service looked the other way while securities [...]]]></description>
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