Scaramucci says he will pay taxes on sale of SkyBridge investment company

Anthony Scaramucci lost more than a job at the White House: He lost the chance to delay paying millions of dollars in taxes.

Scaramucci’s lawyer said Tuesday that he will pay capital gains tax when he completes the sale of his investment company, SkyBridge Capital.

Government employees can seek permission to defer that tax when they sell investments to avoid conflicts of interest.

“Mr. Scaramucci is going to pay the capital gains taxes once the sale goes through,” the lawyer, Elliot Berke, said in a statement after CNN asked about Scaramucci’s plans. “There was never an attempt to game the system — it was simply to adhere to what is allowable by law. His true and only purpose was to serve the country. And he will be back.”

Scaramucci, who resigned Monday after 11 days on the job and worked briefly before that at the government’s Export-Import Bank, holds a 44% stake in the investment company. He valued his stake at more than $50 million in financial disclosure documents.

The company agreed in January to sell itself to HNA Group of China.
 

 

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