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Cross-asset implications of repatriation
document IMAGES-007-HOUSE_OVERSIGHT_023080.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…0%) overseas cash to market capitalization ratios which could potentially benefit from repatriation. Border adjustment tax analysis A new tax policy outlined in the Blueprint proposal that has been getting a lot of attention recently is the border adjustment tax, or the applica...

Related BofAML research on US tax reform
document IMAGES-007-HOUSE_OVERSIGHT_023090.txt Jan 18, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

Related BofAML research on US tax reform Below we provide links to reports from our BofAML Global Research colleagues that address this topic. Economics: Global Watch: Will border adjustment lead to border battles? 18 January 2017 US Economic Weekly: Cutting taxes could be tax...

General Investment Related Disclosures
document IMAGES-003-HOUSE_OVERSIGHT_014497.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ir entire principal investment. Past performance is not necessarily a guide to future performance. Levels and basis for taxation may change. This report may contain a short-term trading idea or recommendation, which highlights a specific near-term catalyst or event impacting the...

23 Dewan, Shaila. “Chinese Student in US Is Caught in Confrontation.” New York Times. April 17, 2008
document IMAGES-006-HOUSE_OVERSIGHT_020514.txt Apr 17, 2008 House Oversight Committee — Epstein Estate Records (Nov 2025)

95 22 Ibid. 23 Dewan, Shaila. “Chinese Student in US Is Caught in Confrontation.” New York Times. April 17, 2008. http://www.nytimes.com/2008/04/17/us/17student.html. 24 Reynolds, Emma. “Tensions Rise as Chinese Government’s Influence Infiltrates Aussie Universities.” News.com...

Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025556.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…d as a result we see less of an impact to potential upside should fee related earnings multiples re-rate. Our estimated tax rates for KKR and BX are also significantly Lower than the group given the earnings mix and other offsets. We see a greater downside to current share prices...

helped cushion portfolio returns when markets declined. We won’t know until the data comes in, but w
document IMAGES-008-HOUSE_OVERSIGHT_025227.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…can be highly illiquid, are not required to provide periodic pricing or valuations to investors and may involve complex tax structures and delays in distributing important tax information. Typically such investment ideas can only be offered to suitable investors through a confide...

Already, a policy debate is raging. Backers are urging people to reserve judgment and say
document IMAGES-003-HOUSE_OVERSIGHT_016414.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Already, a policy debate is raging. Backers are urging people to reserve judgment and say the tax breaks have galvanized cities, businesses and investors to think creatively about boosting parts of the country most in need. Critics say the incentives were poorly calibrated and ma...

24 The Virgin Islands Daily News
document IMAGES-005-HOUSE_OVERSIGHT_018869.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…immigrants already here. He also hinted that combating poverty might move higher on his priority list. And he spoke of tax reform, an issue that will immediately begin to grow louder with the expiration of the Bush-era tax cuts at year’s end. Obama won re-election on an unambigu...

At the same time, however, these numbers don’t lie. With our demographics and our
document IMAGES-006-HOUSE_OVERSIGHT_020838.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… growing short, we still have the capacity to create positive outcomes. Even though USA Inc. can print money and raise taxes, USA Inc. cannot sustain its financial imbalance indefinitely — especially as the Baby Boomer generation nears retirement age. Net debt levels are approac...

see the most uplift in spending from any potentially large fiscal stimulus and
document IMAGES-003-HOUSE_OVERSIGHT_014635.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ft in spending from any potentially large fiscal stimulus and infrastructure spending under the new US administration. Tax Policy: Unlike most semis, TXN reports its financials on a pure GAAP basis and its tax rate at 30% is one of the highest in the industry. We think TXN stand...

Price stability can matter. The United States has managed to avoid double-digit
document IMAGES-001-HOUSE_OVERSIGHT_011107.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ctions, along with emergence of omnibus funds, need put no constraints on fiscal policy. Fiscal policy has prescribed tax cuts and government spending in slumps. It prescribes the opposite, at least in principle, in booms. A problem is that it has proved slow to implement. Ther...

Fwd: Our May conversation - more thoughts
email TEXT-001-HOUSE_OVERSIGHT_026499.txt Aug 9, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

Date: Thursday, August 9 2018 10:47 AM Subject: Fwd: Our May conversation - more thoughts From: jeffrey E. <jeevacation©gmail.com> To: BS Stern < Hi all — >; I spent some time mulling additional aspects of a third choice presidential run and wanted to run five specific attributes...

The Search for Peace in
document TEXT-001-HOUSE_OVERSIGHT_023133.txt Dec 9, 2014 House Oversight Committee — Epstein Estate Records (Nov 2025)

OUP CORRECTED PROOF – FINAL, 12/9/2014, SPi THE SEARCH FOR PEACE IN THE ARAB–ISRAELI CONFLICT OUP CORRECTED PROOF – FINAL, 12/9/2014, SPi OUP CORRECTED PROOF – FINAL, 12/9/2014, SPi The Search for Peace in the Arab–Israeli Conflict A Compendium of Documents and Analysis Edited b...

teaching at the National University of Singapore’s Lee Kuan Yew School of Public Policy
document IMAGES-006-HOUSE_OVERSIGHT_020636.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

177 teaching at the National University of Singapore’s Lee Kuan Yew School of Public Policy (LKYSPP), was expelled from Singapore and permanently banned from the country. The Ministry of Home Affairs (responsible for internal security and counterespionage) said in a statement an...