💰 Financial Record

payment

Transaction Details

Amount
USD $900,000.0
Payer (From)
Valhi Holding Company Linked to ING
Payee (To)
Harold Simmons Foundation Linked to UN
Transaction Date
June 25, 2014
Description

'Gift from Affiliate' of 900,000 shares.

Additional Details
Date string: June 25, 2014
Amount string: 900000
Source document: HOUSE_OVERSIGHT_029346.jpg

📄 Source Document

HOUSE_OVERSIGHT_029346.jpg
ESTATE Collection
View Document
Document Summary

This document is a financial analysis, likely from a blog or news article, detailing stock trading activities of the Harold Simmons Foundation regarding Valhi stock in June 2014. The author suggests that the Foundation aggressively sold stock to lower the share price (from $6.42 to $5.81), potentially saving Simmons's heirs approximately $80 million in estate taxes. The document is part of the House Oversight Committee's files (Bates stamped HOUSE_OVERSIGHT_029346), likely gathered as evidence of tax avoidance strategies.

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