Jeffrey Epstein Helped Leon Black Avoid Taxes in Art Deals: Report – ARTnews.com
Black used a loophole to avoid taxes on two art deals, including the sale of a $25 million Giacometti sculpture.
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Black used a loophole to avoid taxes on two art deals, including the sale of a $25 million Giacometti sculpture.
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.
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