Taxes Content

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By Electronic Delivery 27 February 2020 Mr. Pramod Chandra Mody Chairman, Central Board of Direct Taxes North Block New Delhi – 110 001 India Re: India Union Budget 2020 – ICI Global Recommendations Respected Sir: ICI Global1 and our members support the Government of India’s proposal...

By Electronic Delivery February 18, 2020 Lafayette “Chip” G. Harter III Michael Desmond Deputy Assistant Secretary, International Chief Counsel Tax Affairs Internal Revenue Service US Department of the Treasury 1111 Constitution Avenue, NW 1500 Pennsylvania Avenue, NW Washington, DC...

The Japanese Investment Trusts Association (JITA) hosted a seminar today to launch a Japanese-language edition of a book written by Investment Company Institute (ICI) Senior Economic Adviser Peter J. Brady, which illustrates how the US Social Security system and retirement tax...

January 27, 2020 The Honorable Stanley Chang Chair, Hawaii Senate Committee on Housing 415 S Beretania St. Honolulu, HI 96813 RE: Fund Industry Opposes S.B. No. 2409 Dear Chairman Chang and Members of the Senate Committee on Housing: The Investment Company Institute1 continues to...

Focus on Funds ICI Leads Reversal on Troubling Indian Tax A substantial new capital gains tax will not be imposed on global funds operating in India. In the December 13, 2019, edition of Focus on Funds, ICI Assistant General Counsel Katie Sunderland explains the issue and how the...

ICIG - CBDT Chairman Letter - 10 Dec 2019 ICIG - CBDT Chairman Annexure A - 10 Dec 2019 ICIG - CBDT Chairman Annexure B - 10 Dec 2019 ICIG - CBDT Chairman - Annexure C - 10 Dec 2019 By Electronic Delivery 10 December 2019 Mr. Pramod Chandra Mody Chairman, Central Board of Direct Taxes...

1 2 ICI Global | Page 2 of 5 “ • • • • • • • • 6 BEPS Action 6 Final Report, paragraph 9, on page 15. ICI Global | Page 3 of 5 ICI Global | Page 4 of 5 ICI Global | Page 5 of 5

Your story “Elizabeth Warren Healthcare Plan Sparks Outcry over 401(k) Tax Hike” accurately exposes a financial transaction tax (FTT) as a burden on retirement and everyday savers. The article, however, only scratches the surface on the ways this tax would harm savers.