Epstein's Tax Schemes for Clients Face Scrutiny Years Later
- Leon Black sold a Giacometti sculpture to Epstein to fund buying a Cezanne painting, avoiding capital gains taxes.
- Epstein provided tax and estate planning services for Black, receiving over $150 million in fees from 2013-2017.
- The Senate Finance Committee is investigating if Epstein's fees from Black should be considered gifts for tax purposes.
- Transactions between Epstein and Black likely met technical tax requirements but could be questionable 'straw man' deals.
- Years after taking advantage of tax loopholes, Epstein's work for wealthy clients faces renewed scrutiny.