From: Jeffrey Epstein <jeevacation®gmail.com>

From: Jeffrey Epstein <jeevacation®gmail.com> To: "McCaffrey, Carlyn" Subject: Re: NY Sales Tax Date: Fri, 01 Feb 2013 23:30:29 +0000 understood, we would certainly agree , that when you buy something and take it back for exchange„ though all those tests are met, there is no additional tax due. you take one dress and take it back and get another, .. it is not the grantor trust , it is the pre existing contractual right to exchange unilaterally. but i realize it is not clear. your llc idea would work. however, clever On Fri, Feb 1, 2013 at 7:15 PM, McCaffrey, Carlyn < > wrote: The attached ruling suggests that grantor trust status is no protection against the imposition of a sales tax. Carlyn S. McCaffrey I Partner McDermott Will & Emery LLP i 340 Madison Avenue, New York. NY 10173 * IRS Circular 230 Disclosure: To comply with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained herein (including any attachments), unless specifically stated otherwise, is not intended or written to be used, and cannot be used, for the purposes of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter herein. This message is a PRIVILEGED AND CONFIDENTIAL communication. This message and all attachments are a private communication sent by a law firm and may be confidential or protected by privilege. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or use of the information contained in or attached to this message is strictly prohibited. Please notify the sender of the delivery error by replying to this message, and then delete it from your system. Thank you. xx**************************************************************************************************************** Please visit http://www.mwe.com/ for more information about our Firm. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein EFTA00953118 Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00953119