FOX BIZ NEWS: James Simons, Robert Mercer, others at Renaissance to pay up to $7 billion to settle tax probe

James Simons, Robert Mercer, others at Renaissance to pay up to $7 billion to settle tax probe



Current and former executives of hedge fund Renaissance Technologies LLC will personally pay as much as $7 billion in back-taxes, interest, 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.