The Tax-Dodge Derivative Anita Raghavan 09.11.08, 6:55 PM ET While Lehman Brothers was fighting for its life in the markets today, it was also battling in a Senate panel's hearing on whether the company and others created a set of financial products whose primary purpose is to dodge taxes owned on U.S. stock dividends. The "most compelling" reason for entering into dividend-related stock swaps are the tax savings, Highbridge Capital Management Treasury and Finance Director Richard Potapchuk told the Senate's Permanent Subcommittee on Investigations. Lehman Brothers , Morgan Stanley and Deutsche Bank are among the companies behind the products. "Without...
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The Tax-Dodge Derivative (How to beat IRS with hedge funds)
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