Renaissance Technologies $7 Billion IRS Tax Settlement: How Jim Simons Gamed Basket Options скачать в хорошем качестве

Renaissance Technologies $7 Billion IRS Tax Settlement: How Jim Simons Gamed Basket Options

Renaissance Technologies has agreed to a $7 Billion tax settlement with the IRS in a long running dispute on the taxes owed on profits from basket options. Jim Simons, Bob Mercer and others will agree to pay about $7 Billion to settle the IRS claims that the trades they did inside basket options with Deutsche Bank and Barclays Bank should have been taxed at the short term tax rate, not the long term capital gains tax rate that Jim Simons and Renaissance Technologies claimed. Over about a 10 year period the IRS claims that Renaissance Technologies made about $34 Billion in profits using basket options and only paid about $7 Billion in taxes instead of the $14 Billion they should have paid as short term gains. I explain simply how basket options work and how Renaissance Technologies used them to try to claim that their profits were long term capital gains. Be @financially aware of the financials of any stock or any other investment before you consider investing in it. Disclaimer: I am not a financial advisor, and nothing on this channel is meant to be financial advice. The ideas expressed on this channel are purely opinions and should not be regarded as objective information. Nothing on this channel is a recommendation to buy or sell securities. Do not assume that facts and numbers in any video are accurate. Always do your own due diligence.