Tax day is nigh upon us. The occasion got me thinking about that SEC investigation into the allegedly screwy tax havens used by Sam and Charles Wyly. Seems that story has gone quiet lately, no? Which is surprising, given that just about a month ago, when Sen. Carl Levin introduced the Stop Tax Haven Abuse Act, he spent a good bit of time going over the Wylys’ tricky financial maneuvers. And here is where I am duty-bound to say: IJS.
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