The IRS has not commented on how much in unpaid taxes it is seeking from Renaissance, but in 2014 the Senate Permanent Subcommittee on Investigations issued (http://www.hsgac.senate.gov/download/report-abuse-of-structured-financial-products-misusing-basket-options-to-avoid-taxes-and-leverage-limits) a report that called Renaissance "the largest basket option
user," and estimated the firm avoided $6.8 billion in taxes.
Notice 2015-73 revokes Notice 2015-47 and specifically identifies basket option
contracts and substantially similar transactions as listed transactions.
Treasury and IRS noted in their joint guidance their concern that taxpayers are using basket option
contracts to "inappropriately defer income recognition and convert ordinary income and short-term capital gain into long-term capital gain."
transactions occur between hedge funds and banks.
Saudi ArabiaAEs central bank governor on Thursday said the basket option
for the planned single currency was one option though not the perfect solution.
Saudi Arabia's central bank governor on Thursday said the basket option
for the planned single currency was not the perfect solution.Aa
They have approximately twenty-five different pre-arranged gift pack and gift basket options
, which can be quickly and conveniently browsed on their gift basket quick comparison page, which includes pricing.
Other gift basket options
include premium baskets meant to impress, and goodie baskets meant to be shared with the entire office.
The hotel is offering three picnic basket options
, and services of an Andaz Picnic Host to arrange a perfect picnic.
Available in a variety of clever themes -- including a Taste of Italy, Sushi Starter Kit, Beers from Around the World and Bedtime Bath for Baby -- Roundy's showcases its full array of gift basket options
in catalogs available in all stores.