Tax
Mar. 5, 2016
Kanye West's tax-free $1 billion from Mark Zuckerberg
If Mark Zuckerberg invests in Kanye West's musical ambitions, they should think about taxes upfront and document what they intend. How you structure a transaction is important, as is how it plays out. By Robert W. Wood
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
If you owe anyone money, thinking about Kanye West and his $53 million of debt is a little overwhelming. No matter his talents, Kanye's personal debt is well, scary. But everything is relative. Perhaps $53 million isn't too much if you have the bank balance of Mark Zuckerberg.
When the news broke that the Facebook billionaire was being urged to invest $1 billion in West's musical ambitions, it hardly seemed serious. Yet Wes...
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