The Wall Street Journal: Renaissance hedge fund execs to pay $7 billion to settle tax probe

Executives of hedge fund Renaissance Technologies LLC will personally pay approximately $7 billion in back taxes and penalties to settle a long-running dispute with the Internal Revenue Service, the firm said, a tax settlement that may be the largest in history.

Executives of hedge fund Renaissance Technologies LLC will personally pay approximately $7 billion in back taxes and penalties to settle a long-running dispute with the Internal Revenue Service, the firm said, a tax settlement that may be the largest in history.