I believe that Hachem could have gone to play a game of chance and been exempt from US tax, i.e ideally borrowed the same as his winnings and placed a 7.5 milion wager on black and red, prayed that zero did not show up and therefore washed his winnings from a non tax exempt game. Non exempt Winnings 7.5 losses 7.5 exempt winnings 7.5 (for non us residents). Only that annoying zero and double zero to worry about, perhaps the only time he would have considered a 2 million hedge!All gambling winnings in the UK are currently exempt which is why there is a very active market in spread betting o