{"id":59110,"date":"2017-07-24T09:11:12","date_gmt":"2017-07-24T13:11:12","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=59110"},"modified":"2017-07-24T09:11:12","modified_gmt":"2017-07-24T13:11:12","slug":"hedge-funders-scramble-for-ways-to-pay-tax-bill-now-that-a-big-loophole-is-closed","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/07\/2017\/hedge-funders-scramble-for-ways-to-pay-tax-bill-now-that-a-big-loophole-is-closed.html","title":{"rendered":"Hedge Funders Scramble for Ways to Pay Tax Bill Now That a Big Loophole Is Closed"},"content":{"rendered":"<p>(CNBC) Hedge fund managers have to fork over billions of dollars in taxes next year for gains they accumulated on deferred income from offshore funds as a long-standing tax loophole expires.   The Wall Street Journal reported Thursday that Steven Cohen, the billionaire founder of SAC Capital Advisors, has $1 billion of deferred offshore income likely subject to the tax, while David Einhorn of Greenlight Capital and Daniel Loeb of Third Point face tax bills of more than $100 million. The Joint Committee on Taxation estimated in 2008 that total payments from hedge fund managers could be at least $25 billion.<\/p>\n<p><a href=\"http:\/\/www.cnbc.com\/2017\/07\/20\/tax-loophole-closes-hedge-fund-managers.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Hedge fund managers have to fork over billions of dollars in taxes next year for gains they accumulated on deferred income from offshore funds as a long-standing tax loophole expires. The Wall Street Journal reported Thursday that Steven Cohen, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59110","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=59110"}],"version-history":[{"count":1,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59110\/revisions"}],"predecessor-version":[{"id":59111,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59110\/revisions\/59111"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=59110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=59110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=59110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}