A draft financial calculation concerning 'phaidon and art space'. It details a scenario to generate a significant long-term loss for tax purposes by subtracting an estimated low sale price from a high cost basis.
This is an email from Jeffrey E. to Melanie Spinella and Brad Wechsler, dated October 26, 2015, with the subject "draft". The email outlines financial calculations regarding "phaidon and art space," estimating a long-term loss of $90-98 million and potential tax savings of $38.7-44 million based on various tax rates.
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