"But I never expected you would use this method for the MEG campaign!"
"Sheng Risheng, a non-U.S. tax resident Chinese national." Matty excitedly pronounced this name.
"So when the GME campaign ended, and when that 300 million dollars in profits was generated, legally speaking, the money was indeed earned by Mr. Sheng's company in the Cayman Islands."
"So, as you might have guessed, according to U.S. tax law, capital gains earned by foreign investors in the United States financial market are completely tax-free!"
"This means your 290 million dollars in profits, at the level of personal income tax, are invisible to the IRS! It is completely outside the jurisdiction of U.S. taxation!"
"This is a perfect phantom, Lin, the IRS cannot tax a phantom. This completely steps outside familiar conventional tax avoidance games played within the rules!"
