From: Jeffrey Epstein <jeevacation®gmail.com> To: "McGraw, Thomas" Subject: Re: happy new year Date: Wed, 30 Jan 2013 23:50:25 +0000 section? On Wednesday, January 30, 2013, McGraw, Thomas < > wrote: > Been at offsite & just looking at your e-mail I think not. NY tax law incorporates by reference federal tax law as starting point and then makes various modifications. In brief review I see no changes under NY sales & use tax statutes that would trump/modify otherwise applicable fed law including grantor statutes incorporated into NY tax law. Hence substitution of identical value in grantor should not create a "sale" transaction or event for sales tax to apply. > From: Jeffrey Epstein [mailto:jeevacation@gmail.com] > Sent: Saturday, January 26, 2013 8:58 AM > To: McGraw, Thomas > Subject: happy new year > if i excahnge art held in his own name for stock held in the trst , do i have a sales tax. it is not a purchase-- as it is under a right of substituion of collateral provision, it is a defe gran trust so to capital gain, if i put it in a partnership with wife first and excahnge part interests,? no sales tax? > -- > > The information contained in this communication is > confidential, may be attorney-client privileged, may > constitute inside information, and is intended only for > the use of the addressee. It is the property of > Jeffrey Epstein > Unauthorized use, disclosure or copying of this > communication or any part thereof is strictly prohibited > and may be unlawful. If you have received this > communication in error, please notify us immediately by > return e-mail or by e-mail to jeevacation®gmail.com, and > destroy this communication and all copies thereof, > including all attachments. copyright -all rights reserved > This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www1 morgan.corn/pages/disclosures/email. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for EFTA00953418 the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00953419