James Simons, Robert Mercer, Others to Pay $7B to Settle Tax Probewsj.com 30 pointshemancuso5 years ago2 commentsSaveHideCopy link On HNComments−zigradett5yJames Simons was caught trying to hide $8 Billion dollars, a lot of it Russian money, in Bermuda. Look up the PARADISE PAPERS.Robert Mercer did stuff just as dirty, but never quite got caught the same way.−abb1234etric5yA rare situation where everyone feels like they came out ahead. The us govt gets to say they clawed back 7bn in taxes. And rentec gets to keep the gains from having invested the 7bn for close to a decade at their absurdly high rate of return. Smart!
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James Simons was caught trying to hide $8 Billion dollars, a lot of it Russian money, in Bermuda. Look up the PARADISE PAPERS.
Robert Mercer did stuff just as dirty, but never quite got caught the same way.
A rare situation where everyone feels like they came out ahead. The us govt gets to say they clawed back 7bn in taxes. And rentec gets to keep the gains from having invested the 7bn for close to a decade at their absurdly high rate of return. Smart!