(Bloomberg) -- Blackstone Group LP's founders
including Stephen Schwarzman will eventually get back some, if
not all, of the taxes they pay on $3.7 billion in gains from the
management company's initial public offering last month.
Blackstone said in filings with the Securities and Exchange
Commission that it would apply a commonly used strategy that
requires a firm's new shareholders to return to the founders most
of the value of tax benefits created when the original partners
sold a portion of their interest in the company.
Read more at Bloomberg Bonds News
including Stephen Schwarzman will eventually get back some, if
not all, of the taxes they pay on $3.7 billion in gains from the
management company's initial public offering last month.
Blackstone said in filings with the Securities and Exchange
Commission that it would apply a commonly used strategy that
requires a firm's new shareholders to return to the founders most
of the value of tax benefits created when the original partners
sold a portion of their interest in the company.
Read more at Bloomberg Bonds News
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