IRS Files Lien against Goldman Partnership


The IRS has fled a tax lien against Goldman Sachs Mitsui Marine Derivative Products, a Goldman Sachs Group partnership that specializes in selling derivatives to US municipalities. The amount in the lien is $1.55 million that arises out of unpaid taxes in the year 2009.

This action by the IRS has caused unnecessary publicity for a partnership that has already been focused on over its dealings with municipalities and state agencies. Technically, the lien is filed because Goldman Sachs Mitsui Marine Derivative Products failed to pay withholding taxes as a US entity with a foreign partner. Goldman Sachs Mitsui is a Delaware-based joint venture between Goldman Sachs and Mitsui Marine & Fire Insurance Co of Japan. The partnership was formed in 1993.

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