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>> LOEB Latest News

FEB 19, 2013 - Zero Hedge

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The Bermuda 'Reacharound' Triangle Tax Dodge

With sequesters and loopholes the only two words that seem to matter in Washington (the latter more than the former as far as action), we suspect the popularity of the so-called 'Bermuda Triangle' tax dodge may raise more than a few eyebrows. Put simply, hedge fund managers create a Bermuda-based re-insurance entity, their clients (high-net-worth individuals) funnel their hard-earned gains through this offshore entity and back to the US hedge funds - dramatically reducing their personal income taxes. The re-insurers do a minimum of business to create the appearance of legitimacy but are ... Read More

Tags: The Bermuda 'Reacharound' Triangle Tax Dodge,  Loeb Latest News