Please don't be so naive. It's only because Renaissance is so rich and powerful that they are not in jail. If some piker tried the same strategies, they'd be in jail. The politicians are afraid to jail billionaires.
> The Democrat stopped short of saying that any of the activities that allowed Renaissance to lower its tax bills were illegal, and said it appears the banks stopped offering them after the IRS started to question the financial arrangements.
> The Democrat stopped short of saying that any of the activities that allowed Renaissance to lower its tax bills were illegal, and said it appears the banks stopped offering them after the IRS started to question the financial arrangements.
http://thehill.com/policy/finance/212875-probe-banks-hedge-f...