On 5 July, the Wall Street Journal reported on something akin to insider trading, “insider giving”, where the timing of a donation of a stock to a charity around inside information about the stock. That way, you take a tax deduction before bad news sends the share price tumbling or after good news sends the price higher — and the gift delivers a bigger tax deduction than you would have gotten otherwise. Use of the ruse is increasing, according to a study by 2 professors at the University of Michigan’s Ross Business School.
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