Re:Vanguard's Low Blow
by ryporter on Friday February 12, 2016 @05:47AM
(#11086400)
So, shouldn't the investors then owe back taxes based on unpaid expense fees?
[ Parent
| on HN ]
No, because it isn't the investors who avoided paying taxes. If they had been expensed at market rate, their return (and therefore tax burden) would have been lower, not higher.
That being said, in principle it's all mostly the same since investors own Vanguard.