Tax Legislation Content

ICI, IDC Statement for Hearing on Accounting and Auditing Oversight: Pending Proposals and Emerging Issues Confronting Regulators Standard Setters and the Economy

ICI Statement for House Subcommittee Hearing on Certain Expiring Tax Provisions (pdf)

ICI Statement for Senate Finance Committee Hearing on "Extenders and Tax Reform: Seeking Long-Term Solutions" (pdf)

Empowering a Pro-Growth Economy by Cutting Taxes and Regulatory Red Tape Statement of Paul Schott Stevens President and CEO Investment Company Institute US House of Representatives Committee on Financial Services June 20, 2018 Washington, DC As prepared for delivery. Thank you...

By Electronic Delivery October 1, 2020 Krishna Vallabhaneni Michael Desmond Tax Legislative Counsel Chief Counsel U.S. Department of the Treasury Internal Revenue Service 1500 Pennsylvania Avenue, NW 1111 Constitution Avenue, NW Washington, DC 20220 Washington, DC 20224 RE: REG 107213...

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...

ICI Policy Video The Trouble with Financial Transaction Taxes A financial transaction tax (FTT) is a tax on the sale and/or purchase of a security. Although supporters say this type of tax is small, ICI research shows otherwise. This short video looks at how an FTT would affect...

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 April 22, 2019 Representative Mary E. Flowers Representative Gregory Harris 251-E Stratton Office Building 300 Capital Building Springfield, IL 62706 Springfield, IL 62706 Representative Delia C. Ramirez 200-5S Stratton Office Building Springfield, IL 62706 RE...

Last month, Senator Brian Schatz (D-HI) and Representative Peter DeFazio (D-OR) introduced the Wall Street Tax Act in the Senate and the House, respectively. The bill would level a tax of 10 basis points (or 0.1 percent) on the value of the securities transferred in financial...