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New revelations about how Jeffrey Epstein helped Leon Black avoid taxes on eight-figure art deals have come to light.
In late 2016, when private equity mogul Leon Black was trying to sell one expensive piece of art to buy another without incurring a hefty tax bill, he
Dealings of works by Giacometti, Cézanne, and Braque are currently being investigated in a Senate probe into the MoMA trustee’s ties to Epstein.
Mr. Epstein helped the billionaire Leon Black defer capital gains taxes from the swap. A Senate committee is scrutinizing some of Mr. Black’s art deals as it looks into tax avoidance schemes.