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Carried interest wormhole
Planet Money
Richard Valentine, a Hedge Fund Tax Artist
Richard valentine was an st and his medium was tax structuring. He came off as a bit eccentric or intense, but he had great ideas. For a tax artist, this 19 50 swiss cheese tax code would have been everything you'd ever need. And richard valentine found the perfect thing for his hedge fund client. The big carried interest moment happened when they asked him to optimize their tax mitigation strategy.
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