Knowing Whether Mercer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> renaissance technologies declined to comment on their story. in the end we have no way of knowing whether mercer's company owes back taxes unless the irs tells us. the irs is under no obligation to do so. the records are treated as confidential. >> we don't know whether renaissance paid back taxes or not. the tax liability of the taxpayer to the irs and any settlement of that liability is confidential information which rarely emerges. so it's rather that there's any public notification. >> so for now no an store the $6.8 billion question. >> robert mercer and his daughter rebecca, huge trum...

Avoidance transaction. the senate's permanent subcommittee on investigation agrees. back in 2014, it released the findings of its investigation into basket options and the companies that use them. it determined that basket options were, quote, misused to dodge billions in taxes. senator jain's opening statement targeted mercer's company specifically and the estimated $6.8 billion in taxes it avoided paying through its use of basket options. >> today's hearing sheds light on how wren nance technologies was able to avoid paying more than $6 billion dollars in taxes by disguising its date today s...

>> the company is hedge fund renaissance technology. a senate subcommittee investigated their tax practices back in 2014. questions are beginning to reemerge about whether anything ever came of its accusation that the company may have dodged more than $6 billion in taxes. >> meet robert mercer, the 71 co-ceo of hedge fund renaissance technologies and a major donor to president trump's campaign, pouring millions into conservative super pacs. >> robert mercer is one of the most important donors for conservative causes. >> named one of the top ten most influential billionaires in politics, also p...