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Posted on: Oct. 16, 2015, 4:18 p.m.
Today I am writing to introduce an obscure dirty little secret that some private equity profiteers have exploited to further enrich themselves exploiting the complexities of the IRS tax code. The concept is called Tax Receivable Agreements (TRAs) and although it blatantly violates the spirit of the law, at least in my simple mind, it is perfectly legal and follows the letter of the law. During my research, I stumbled upon two excellent articles that explain the concept far better ... Full investment news article