Blackstone group getting back more from the IRS than they pay in

Bravo Zulu

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Fri Jul-13-07 08:26 AM
Original message

Blackstone group getting back more from the IRS than they pay in

July 13, 2007
Tax Loopholes Sweeten a Deal for Blackstone
By DAVID CAY JOHNSTON
The Blackstone Group, the big buyout firm, has devised a way for its partners to effectively avoid paying taxes on $3.7 billion, the bulk of what it raised last month from selling shares to the public.
Although they will initially pay $553 million in taxes, the partners will get that back, and about $200 million more, from the government over the long term.

http://www.nytimes.com/2007/07/13/business/13tax.html?ei=5090&en=6739efc5e541fdd3&ex=1341979200&partner=rssuserland&emc=rss&pagewanted=print

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stellanoir

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Fri Jul-13-07 08:35 AM
Response to Original message

1. self deleted

Edited on Fri Jul-13-07 09:12 AM by stellanoir

I mistakenly thought this was about Blackwater.

sorry

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