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Reply #10: Fortress ended their practice [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Cameron27 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-17-07 02:10 PM
Response to Reply #9
10. Fortress ended their practice
of providing off-shore tax shelters for their very wealthy clients around the time Edwards left the company.

"Bedingfield (Edwards spokeswoman) said Fortress recently ended its practice of letting managing partners defer their U.S. income taxes by reinvesting profits in the offshore funds. The firm made that change when it went public late last year around the time Edwards ended his consulting arrangement."

http://www.washingtonpost.com/wp-dyn/content/article/2007/04/22/AR2007042201339.html

If Chelsea Clinton decides to run for president, I'll take her hedge fund connection into consideration too.

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