George Soros likes to say the rich should pay
more taxes. A substantial part of his wealth, though, comes from delaying them.
While building a record as one of the world’s greatest investors, the
84-year-old billionaire used a loophole that allowed him to defer taxes on fees
paid by clients and reinvest them in his fund, where they continued to grow
tax-free. At the end of 2013, Soros—through Soros Fund Management—had amassed
$13.3 billion through the use of deferrals, according to Irish regulatory
filings by Soros.
http://www.bloomberg.com/news/articles/2015-04-30/george-soros-s-tax-bill
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