Why Everybody Should Be Happy Soros Never Paid Taxes on His Gains

Why Everybody Should Be Happy Soros Never Paid Taxes on His Gains
ungarian-born US chairman of the Soros Fund Management, George Soros, arrives to attend a session of the 6th annual conference of the Institute for new economic thinking (INET) at the OECD headquarters in Paris on April 9, 2015. AFP PHOTO / ERIC PIERMONT (Photo credit should read ERIC PIERMONT/AFP/Getty Images)
Valentin Schmid
4/30/2015
Updated:
4/24/2016

Many people think George Soros is a hypocrite for saying he should pay more tax and then tried everything in his power to avoid doing just that.

However, whether intentional or not, Soros actually is going to do just that. How will he do it? He will pay more tax in the future, instead of paying less in the past. The really adventurous might even say that Congress and the IRS for once outsmarted one of the smartest money managers.

Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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