Vanguard faces tax evasion charges in ex-employee's whistleblower suit
Ex-employee alleges low-cost fund provider operated as an illegal tax shelter, avoided about $1 billion in taxes over 10 years
Jul 25 - Investment News
The Vanguard Group Inc. is facing whistleblower allegations that it has avoided paying $1 billion in state and federal taxes over the last decade, according to a copy of the complaint.
“Vanguard has operated as an illegal tax shelter for nearly 40 years” by providing services “at prices designed to avoid federal and state income tax” and sheltering hundreds of millions in income, the complaint alleges.
The complaint was brought by a former Vanguard employee...
“Vanguard has operated as an illegal tax shelter for nearly 40 years” by providing services “at prices designed to avoid federal and state income tax” and sheltering hundreds of millions in income, the complaint alleges.
The complaint was brought by a former Vanguard employee...