The Surreal Politics of a Billionaire’s Tax Loophole

Private Equity, Brexit

The Surreal Politics of a Billionaire’s Tax Loophole

This story was co-published with The Daily Beast. For years, Democratic elected officials in Washington have been wary of going after Wall Street excesses too hard, lest the deep-pocketed financial industry throw all its resources to Republicans. This has been especially true of one of the most notorious targets for financial reform: the favorable tax treatment…

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About the Author

Pro Publica
ProPublica is an independent, non-profit newsroom that produces investigative journalism in the public interest. Our work focuses exclusively on truly important stories, stories with “moral force.” We do this by producing journalism that shines a light on exploitation of the weak by the strong and on the failures of those with power to vindicate the trust placed in them.

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