ICI President and CEO Eric J. Pan addresses the tax issues that have recently come to the forefront as Congress debates two significant pieces of legislation.
Frequently Asked Questions About Taxation for Mutual Fund Investors Taxes are a key consideration for all investors, including mutual fund shareholders. This page answers a few basic questions about how mutual fund investors are taxed. These FAQs are not intended to provide tax advice...
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.
By Electronic Delivery May 16, 2016 J. Mark Iwry Senior Advisor to the Secretary and Deputy Assistant Secretary for Retirement and Health Policy U.S. Department of the Treasury 1500 Pennsylvania Avenue, NW Washington, DC 20220 Mark J. Mazur Assistant Secretary for Tax Policy U.S...
Letter to the Editor: A Tax That Would Only Harm (As published in the Washington Post on June 10, 2015) Harold Meyerson was correct when he said in his June 5 op-ed column, “ A Sister Souljah moment,” that the idea of a financial transaction tax is nothing new. But he was wrong to...
By Electronic Delivery October 31, 2013 Michael Novey Associate Legislative Counsel U.S. Department of the Treasury 1500 Pennsylvania Avenue, NW Washington, DC 20220 Helen Hubbard Associate Chief Counsel (Financial Institutions & Products) Internal Revenue Service 1111 Constitution...
By Facsimile June 26, 2012 Cynthia Morton Attorney, Branch 2, Passthroughs & Special Industries Internal Revenue Service 1111 Constitution Avenue, NW Washington, DC 20224 Re: Follow-Up to ICI Submission on RIC Deemed Check-The-Box Election Dear Ms. Morton: Thank you for your recent...
