For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
As lawmakers continue to consider plans to tax most derivatives on a mark-to-market basis, with a hearing scheduled for today, outside observers say some exceptions appear warranted. A near-universal approach could capture too much activity and create unnecessary problems as a result, they warn, despite the best of congressional intentions to make the tax treatment of such financial products more simple and uniform, and more difficult to game. House Ways and Means Committee Chairman Camp earlier this year released a proposal including exceptions for derivatives that qualify as hedges for tax purposes and options on real property, but more exemptions and clearer definitions are needed, both opponents and advocates say.
Notify me when updates are available (No standing order will be created).
Put me on standing order
Notify me when new releases are available (no standing order will be created)