EFTA02391121.pdf

From: Vincenzo lozzo Sent: Sunday, August 17, 2014 12:36 PM To: Jeffrey E. Subject: Re: Taxes That makes sense - do you happen to be in town any day from today to Wednesday? Sent from my (phone On 16/ago/2014, at 16:41, "jeffrey E." <jeevacation@gmail.com <mailtoleevacation@gmail.com» wrote: taxes are variable friciton On Sat, Aug 16, 2014 at 4:36 PM, Vincenzo lozzo sr • > wrote: So quick question for you: are taxes a trick? Here's what I mean, I think (gut feeling - no proof) that there are potentially a number of arbitrage/risk- free opportunities that are not tackled by anybody because when you add in taxes you don't actually make money. Is 'hacking' taxes a strategy? It seems like all the academic texts leave that part for the reader which makes me think there's something there. Also I was reading a while ago that rentech was using a weird structure with Credit Suisse (iirc) where they were taxed on their profits as if it was long-term capital gains instead of short-term. Sent from my Iphone please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE EFTA_R1_01416958 EFTA02391121 Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 2 EFTA_R1_01416959 EFTA02391122