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June 26, 2006

The Ledger Domain

Sale of the Braves is a Tax(less) Situation

by Maury Brown

Let me tell you how it will be;
There's one for you, nineteen for me.
'Cause I’m the taxman,
Yeah, I’m the taxman.
--The Beatles

Hi. Come on in and take a seat.

What’s that? Yes, I got your call, and no, I’m not a CPA, but I did stay at a Holiday Inn Express last night, so I’ll see if I can address your questions.

So… (opens file) you are Time Warner, and Liberty Media. Well, let me say that it’s nice to get such high profile clients.

The reason that you two need to see me is that this sale of the Atlanta Braves… if you two are involved, the deal has a whole lot to do with saving you some money, if you look at this from a tax dodge perspective.

What’s that? How much do you stand to save on this transaction due to tax loopholes? Well, how does over $700 million sound?

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