George Soros Pours Billions Into Charity Ahead of Tax Deadline
- Soros gave $18 billion to Open Society in recent years
- Money managers face bill after deferring taxes overseas
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George Soros is giving his foundation a big inflow of money in part to minimize a tax bill hedge fund managers are facing this year.
Money managers have until the end of the year to pay taxes on fees they earned from investors in offshore funds and had deferred payment on. Many are now turning to charitable donations -- including to their own foundations -- to help offset the levies coming due.