Tag Archives: michigan-democrat


Probe Says: IRS, Major Banks Helped Offshore Hedge Funds Avoid Billions in Taxes

New York (HedgeCo.Net) – 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.  The Permanent Subcommittee on Investigations has concluded […]

Senate report: Investment banks helped foreigners evade millions in US stock dividend taxes

Los Angeles Times – Big Wall Street investment banks have designed and marketed schemes enabling non-U.S. taxpayers, including offshore hedge funds, to evade millions of dollars in taxes each year on U.S. stock dividends, Senate investigators have found. Some banks […]