avoidance transaction. the senate s permanent subcommittee on investigation agrees. back in 2014, it released the findings of its investigation into basket options and the companies that use them. it determined that basket options were, quote, misused to dodge billions in taxes. senator jain s opening statement targeted mercer s company specifically and the estimated $6.8 billion in taxes it avoided paying through its use of basket options. today s hearing sheds light on how wren nance technologies was able to avoid paying more than $6 billion dollars in taxes by disguising its date today stock traesds as long-term investments. i sat down with daniel shabiro, professor of new york university s law school to ask him if mercer s company might owe billions in back taxes because of its use of basket options. first, can you walk us through the transaction, these
time here as the senate goes through the nominations amid a lot of delay. you have one top senate republican suggesting that democrats are bringing a mob mentality to this because he says they re bitter about the outcome of the election still. we saw that boycott yesterday in the senate finance committee by senate democrats, boycotting two of trump s nominees, tom price for hhs secretary and steve mnuchin for treasury secretary. today sets up a potential for more chaos as they work through confirmations as well. in just a few minutes, nick mulvaney, omb nominee get his hearing, potentially move towards getting a vote. we heard from one top republican on this committee, senator jain who sa john mccain who may vote against him. that may complicate his confirmation as well. also today we ll see senator jeff sessions, the attorney general nominee, get finally a
demonized in that sense comes very strange to us, and we are really sorry about that. russia says nothing to see here when it comes to charges of campaign spying. senator jain says theohn mccain a centipede on the loose. who needs flowers and leaves and grass this spring? by the way, what spring? tens of millions of people on the path of the severe storm getting ready to hit the northeast.