Tax News & Views - January 24, 2013
Vol. 14, No. 5
Tax Policy Group, Deloitte Tax LLP
- Camp releases draft tax reform proposal for financial products – House Ways and Means Committee Chairman Dave Camp, R-Mich., on January 24 released a legislative discussion draft of proposals to reform the tax treatment of financial products. While not an introduced bill, the draft does contain statutory language and indicates the direction Camp is contemplating with respect to changing the treatment of financial products – including significant changes to the taxation of derivatives.
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