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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (671226)	9/3/2012 5:09:50 PM
From: J_F_Shepard	Read Replies (1) \| Respond to of 1586861

"Equally troubling is the use of offshore accounts to avoid taxation on stock holdings. This tactic is called a "total return equity swap," because it involves swapping real equities for derivative paper investments that provide all the same dividends as the stock itself — but aren't subject to federal taxes. According to Shaviro, this practice was sufficiently blatant to elicit a warning from the IRS two years ago. He wrote recently that those who used it over the past decade "were coming perilously close to committing tax fraud, in cases where the economic equivalence to direct (stock) ownership was too great."