WSJ News Exclusive | Vista’s Robert Smith Had Bigger Role in Alleged Tax Fraud Than Previously Known, Documents Show

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WSJ News Exclusive | Vista’s Robert Smith Had Bigger Role in Alleged Tax Fraud Than Previously Known, Documents Show
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Robert Smith, the billionaire chief executive of private-equity firm Vista Equity Partners, played a larger role than previously known in the $2 billion alleged tax evasion of his former business partner, recently filed court documents show

of private-equity firm Vista Equity Partners, played a larger role than previously known in the $2 billion alleged tax evasion of his former business partner, recently filed court documents show.

Mr. Smith played a key role in a 2004 deal nicknamed “Project Hotrod” that was designed to allow Texas billionaire Robert Brockman to avoid U.S. taxes from his main U.S. holding company into his offshore entities, according to internal memos and other deal documents filed by the Internal Revenue Service in U.S. District Court in Houston as part of a civil dispute with Mr. Brockman.

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