FOX BIZ NEWS: James Simons, Robert Mercer, others at Renaissance to pay up to $7 billion to settle tax probe
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James Simons, Robert Mercer, others at Renaissance to pay up to $7 billion to settle tax probe
Current and former executives of hedge fund Renaissance Technologies LLC will personally pay as much as $7 billion in back-taxes, interest, and penalties to settle a long-running dispute with the Internal Revenue Service, the firm said, a tax settlement that may be the largest in history.
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