Renaissance executives agree to pay around $7 billion to settle tax dispute with IRS — source - NewsBreak
By Merima in Business
Updated 3 years ago
James Simons will make an additional settlement payment of $670 million to the Internal Revenue Service. The payment would dwarf that of a transfer pricing dispute with GlaxoSmithKline in 2006 which saw the drug firm pay $3.4 billion. Executives of hedge fund Renaissance Technologies LLC could pay as much as...