The Internal Revenue Service is examining whether equity swaps help banks avoid taxes by masking who really owns the shares underlying the instruments. Posted on January 21, 2010 by admin “-Federal authorities are scrutinizing certain financial derivatives that may enable Wall Street banks to avoid collecting billions of dollars in withholding taxes on stock dividends.”- Related PostsWiser than the IRS?My bill will bring 100 percent transparency to our financial markets, prevent future bailouts and, most importantly, protect Main Street.The information technology that caught Eliot Spitzer
