File 026461
Email Chain on Tax Policy and Loopholes (File 026461)
Email correspondence between Jeffrey Epstein and Larry Summers discussing tax policy changes and potential loopholes, dated December 2, 2017.
Summary
On December 2, 2017, Jeffrey Epstein exchanges emails with economist Larry Summers regarding tax legislation. The chain discusses the sophistication of tax writers who closed various loopholes in recent legislation, including provisions related to 1031 exchanges and related-party transaction definitions. Epstein analyzes the legislative drafting, noting how elegantly specific loopholes were closed through minor word changes. The emails reference a Facebook video from Senator Bernie Sanders and include forwarded messages from Andrew Friendly commenting on potential tax implications.
From: jeffrey E. [jeeyacation@gmail.com]Sent: 12/2/2017 2:36:15 PMTo: Larry SummersSubject: Re: A tax loophole for just Jeffrey Epstein?Importance: Highafter DJT actually signs it. I'll point out the location of the other eggs much more creative - overall though,the writers were very sophisticated. they closed many many loopholes, and did it elegantly. example closingall the 1031 crazy transactions by merely inserting the word" real" in from of the word property veryclever, or not redoing the paragraph but merely changing the penalty to zero. . or detailing related partydefinitions that had teeth. . they cant be faulted for not getting it right -100 percent :)On Sat, Dec 2, 2017 at 9:30 AM, Larry Summers < > wrote:I don't know whether to laugh or crySent from my iPhonePlease direct all scheduling inquiries to my office at:Follow me on twitter glhsummerswww.larrysummers.comOn Dec 2, 2017, at 9:29 AM, jeffrey E. <jeevacation@gmail.com> wrote:like the hunt for easter eggs. your friend andrew has so far only found one . and it was brighly colored:)On Sat, Dec 2, 2017 at 9:23 AM, Larry Summers < > wrote:????Sent from my iPhonePlease direct all scheduling inquiries to my office at:Follow me on twitter glhsummerswww.larrysummers.comBegin forwarded message:From:Date: December 2, 2017 at 8:16:13 AM ESTTo: Lawrence Henry Summers <Subject: Fwd: A tax loophole for just Jeffrey Epstein?Did you see thisHOUSE OVERSIGHT 026461Begin forwarded message:From: Andrew Friendly <11111111>Date: December 2, 2017 at 7:29:07 AM ESTTo: . >Subject: A tax loophole for just Jeffrey Epstein?https://wwwfacebook.com/senatorsanders/videos/10156545332157908/please noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 026462