Overview
Law360 quoted Bob Rizzi in an August 1 article titled “Scaramucci's Tax Benefits May Continue Despite Firing.” The article discusses how Anthony Scaramucci’s swift and unexpected dismissal from the White House could yield a significant, lifelong tax advantage if he was able to obtain a government certificate in time to defer gains on the pending sale of his New York private investment firm.
Mr. Rizzi, co-head of Steptoe’s tax practice and a government ethics lecturer at Harvard Law School, says that for starters, Mr. Scaramucci would have had to be considered a full-time federal employee to qualify for getting the certificate in the first place. "Putting aside the Export-Import Bank question, which I don't know the answer to, he would not have qualified for a CD [certificate of divestiture] under any circumstances until he started as a full-time federal employee, and my understanding is he was not supposed to start until August 15," Mr. Rizzi says.
The full article can be read at Law360 (subscription required).