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."
Basket option transactions occur between hedge funds and banks.
There is no simple closed-form expression for this
basket option price.
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
Vanmaele, in press, Moment Matching Approximation of Asian
Basket Option Pricing, Journal of Computational and Applied Mathematics.
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.