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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.
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