By choosing to invest in a company that’s owned by Jordan Big, you’re giving up the ability to deduct up to $15 million in corporate tax.
That’s a massive tax break.
Jordan Big, the company behind the Jordan brand, is currently the world’s largest private equity fund with $2.8 trillion in assets under management.
It is based in New York City, and the fund is one of the biggest investors in private equity.
Its investments have included Twitter, Facebook, and Apple.
Jordan has recently become embroiled in controversy after it was revealed that the company is under investigation by the U.S. Justice Department for allegedly violating the Foreign Corrupt Practices Act.
The company has been under investigation for several years for allegedly embezzling millions of dollars from the companies investors.
Jordan announced it would invest $500 million into a private equity firm run by the CEO of a Chinese conglomerate called Fosun International.
In exchange, the firm would be allowed to hold the funds assets, a move that would give it access to the companies profits.
The tax-free funds have historically been popular among high-net-worth individuals.
This tax break has been available for those with over $1 million in assets, or those with assets of more than $5 million.
However, the tax break was limited to investors with assets under $1 billion.
It was limited in that it only applied to investments in publicly traded companies.