“If I have an accountant that just reports I just invested $10 million in my business, and he doesn't exactly itemize where every cost goes, it gives a flag to the government. They want to make sure that the reason I'm not paying taxes is because I'm reinvesting in these businesses and not trying to hide stuff.”

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About Damon Dash

American entrepreneur and record executive

Damon Dash is an American entrepreneur and record executive. He is known for co-founding Roc-A-Fella Records with Jay-Z and Kareem Burke in 1994, and for later helping launch Rocawear in 1999. Dash has also founded and led several record labels, including Damon Dash Music Group, BluRoc Records and BlakRoc LLC. His career has centered on music and fashion ventures, especially companies built around artist development, branding and ownership.

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