The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.For the ultra-wealthy, paying taxes is increasingly becoming optional. In this episode, we break down a Bloomberg investigation revealing how quantitative giant AQR Capital Management and Wall Street competitors are using sophisticated "tax-aware" strategies to help the top 1% slash their tax bills to zero. We examine how leveraged separately managed accounts manufacture artificial short-side losses to wipe out massive capital gains, the explosive $70 billion boom behind these products, and why regulators are starting to scrutinize whether this high-tech financial engineering crosses the line.For more, Carol Massar and Tim Stenovec speak with Sri Natarajan, Bloomberg News Chief Wall Street CorrespondentSee omnystudio.com/listener for privacy information.

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