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When an Eight-Figure IPO Windfall Can Mean a Zero-Digit Tax Bill
The vast majority of small businesses aren’t eligible for the break because they’re organized as pass-throughs.
13 Jun 2019, 08:06 PM IST
(Bloomberg Businessweek) -- Early investors and employees at Uber Technologies Inc., Lyft Inc., and other tech companies are getting a double reward this year: a wave of initial public offerings that puts billions of dollars in their pockets, and a quirk in the law that means some of that money will be tax-free.
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