Mercer's White House connections hang over IRS' attempts to collect $7 billion from his hedge fund - 2017-05-01

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F0.png Mercer's White House connections hang over IRS' attempts to collect $7 billion from his hedge fund May 1, 2017, Scott Christianson, Mcclatchy Washington Bureau

The Internal Revenue Service is demanding a whopping $7 billion or more in back taxes from the world's most profitable hedge fund, whose boss's wealth and cyber savvy helped Donald Trump pole-vault into the White House.

Suddenly, the government's seven-year pursuit of Renaissance Technologies LLC is blanketed in political intrigue, now that the hedge fund's reclusive, anti-establishment co-chief executive, Robert Mercer, has morphed into a political force who might be owed a big presidential favor.

With Trump in the Oval Office, Mercer and his daughter Rebekah, who has become his public voice, seem armed with political firepower every which way you look – and that's even though presidential adviser Stephen Bannon, their former senior executive and political strategist, appears to have recently lost influence.

Wikipedia cite:
{{cite news | first = Scott | last = Christianson | author2 = Greg Gordon | title = Mercer's White House connections hang over IRS' attempts to collect $7 billion from his hedge fund | url = https://www.mcclatchydc.com/news/politics-government/article147454324.html | work = Mcclatchy Washington Bureau | date = May 1, 2017 | accessdate = May 5, 2019 }}