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Tax Law Roundup current law developments in U.S. taxation

Tag Archives: financial derivatives

Ways and Means Releases Discussion Draft of Financial Product Tax Reform

Posted in Financial Products, General, Legislative, Tax reform

  On January 24 the chair of the House Ways & Means Committee released proposals to reform the taxation of financial products.  The reforms include: Mark-to-market taxation for speculative financial investments.  Specifically the draft would require taxpayers engaged in speculative financial activity—but not business hedging against common risks—to mark certain financial derivative products to fair… Continue Reading