Jonathan D. Gupta | Bloomberg Law Joint Committee on Taxation, Present Law and Issues Related to the Taxation of Financial Instruments and Products (Dec. 2, 2011) The Joint Committee on Taxation (JCT) prepared a report on issues related to the taxation of derivatives and other financial instruments, including concerns over inconsistent tax treatment of economically similar instruments. The report was presented at a joint hearing of the U.S. Senate Committee on Finance and the U.S. House of Representatives Committee on Ways and Means.
Regulatory, Accounting, and Tax Considerations
Three Fundamental Principles
Section 1256 Contracts
Reforming Derivatives Taxation
Three Broad Alternatives
Too Few Exceptions
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