Hedge Fund Billionaire Jim Simons and other RenTech Insiders to Pay IRS Billions in Back Taxes over Shady Tax Practices

Posted on 09/02/2021

Renaissance Chief Executive Officer Peter Brown disclosed the agreement with the Internal Revenue Service (IRS) to investors in a letter. James (Jim) Simons (age 83), the founder of Renaissance Technologies LLC, and his colleagues will pay billions of dollars in back taxes, interest and penalties to resolve on the largest tax disputes in U.S. history. […]

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