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Malone Gained Double Tax Break in Liberty Address Shift

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Shifting the address of his Liberty Global Inc. from Colorado to London last year didnt just put billionaire John C. Malone in a position to reduce his companys tax bill.

He also took precautions to avoid the capital-gains hit that the so-called inversion would trigger for him and other investors. The day before the deal was announced, Malone -- the companys chairman and controlling shareholder -- transferred $600 million of his shares into a tax-exempt charitable trust. He avoided paying taxes on his remaining stake, worth about $260 million, by exploiting IRS regulations meant to block a different loophole.

All told, Malone escaped about $200 million in personal taxes, and Liberty Globals U.S. shareholders together likely saved more than a billion dollars, according to data compiled by Bloomberg.

Hes congenitally averse to paying taxes, said Robert Willens, an independent tax accounting analyst in New York City.

Tax Inversion

As the Obama administration attempts to implement anti-inversion rules announced in September, Libertys strategies illustrate how billionaires and their companies find their way around tax regulations, and take advantage of unintended consequences.

Malone -- whose net worth is $7.5 billion, according to the Bloomberg Billionaires Index -- has a history of creative tax-avoidance tactics. Over the years, many of the 73-year-old media billionaires biggest deals, such as buying the Atlanta Braves, have helped his companies to cut their tax bills.

Malone has at least four other charitable trusts, with more than $210 million in assets, IRS records show. Such trusts permit wealthy individuals to use the tax-exempt status of a charity to shelter income. In the past two years, he has also taken advantage of an Irish tax break to buy prime real estate in central Dublin.

Marcus Smith, a Liberty Global spokesman, declined to comment. He directed a request to interview Malone to Courtnee Ulrich, a spokeswoman at another of Malones companies, Liberty Media Corp. She declined to answer questions and said Malone would not comment.

A Connecticut native, Malone runs his growing media empire from his adopted state of Colorado. He recently surpassed Ted Turner -- a predecessor as owner of the Braves -- as the largest private landowner in the U.S., according to The Land Report magazine. He owns about 2.2 million acres, including more than 5 percent of Maines total land mass.

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Malone Gained Double Tax Break in Liberty Address Shift

Will Liberty Media's (LMCA) Earnings Surprise this Season? – Analyst Blog

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Liberty Media Corporation ( LMCA ) is slated to release its third-quarter 2014 results before the opening bell on Nov 4.

Last quarter, Liberty Media delivered a huge negative earnings surprise of 80.28%. Moreover, the company's earnings have missed the Zacks Consensus Estimate in three of the last four quarters, with an average miss of 11.05%. Let's see how things are shaping up for this announcement.

Factors to be Considered this Quarter

Liberty Media is steadily restructuring its business model, with an aim to control several subscription-based businesses. The company has also started providing cable TV services through its partial acquisition of Charter Communications Inc. ( CHTR ) and is determined to strengthen its foothold in the pay-TV market. Moreover, the combination of Live Nation and Sirius XM should considerably drive revenues and subscriber tally for the company.

On the flip side, Liberty Media's businesses are prone to rapid technological changes. Large cable TV operators are deploying digital TV networks, which are rapidly garnering huge market traction. This may adversely impact the channel positioning of Liberty Media's networks.

Notably, growing deployment of personal video recorders, video-on-demand technology and IPTV network are steadily changing distribution and viewing habits among the general public. Also, stiff competition from pay-TV operators coupled with macroeconomic fluctuations in the U.S. may hurt housing sector growth.

Earnings Whispers?

Our proven model does not conclusively show that Liberty Media is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. Unfortunately, that is not the case here as elaborated below.

Zacks ESP : Liberty Media's earnings ESP is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are poised at 26 cents.

Zacks Rank : Liberty Media carries a Zacks Rank #3 (Hold) which increases the predictive power of ESP. However, a 0.00% ESP makes surprise prediction difficult.

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Will Liberty Media's (LMCA) Earnings Surprise this Season? - Analyst Blog

RFD 021: SKYWALKER – Liberty Island // 09. Laura (feat. Jiri Vosahlik of Suffocate With Your Fame) – Video

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RFD 021: SKYWALKER - Liberty Island // 09. Laura (feat. Jiri Vosahlik of Suffocate With Your Fame)
RFD 021: SKYWALKER Liberty Island (read more infos below) YouTube Playlist: http://bit.ly/1zetQnq iTunes: http://geni.us/libertyislanditunes Amazon: http://geni.us/libertyislandamazon ...

By: Redfield Digital

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RFD 021: SKYWALKER - Liberty Island // 09. Laura (feat. Jiri Vosahlik of Suffocate With Your Fame) - Video


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