Renaissance executives to pay about $7 billion to settle tax probe - WSJ - NewsBreak

(Reuters) - Hedge fund Renaissance Technologies LLC's executives will personally pay about $7 billion in back taxes and penalties to settle a long-running dispute with the Internal Revenue Service, the Wall Street Journal reported https://www.wsj.com/articles/james-simons-robert-mercer-others-at-renaissance-to-pay-7-billion-to-settle-tax-probe-11630617328?mod=breakingnews on Thursday, citing the firm. The firm's founder, James Simons, will make an additional settlement payment of $670 million, the report said.