Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:
Fund Firms Push for Change in Tax Treatment of ETNs
 Not Rated 2.0 Email Routing List Email & Route  Print Print
Monday, November 26, 2007

Fund Firms Push for Change in Tax Treatment of ETNs

by: Armie Margaret Lee

The mutual fund industry is unhappy over the tax treatment of exchange-traded notes, arguing that the current treatment gives ETNs an unfair advantage over mutual funds. Investors Business Daily reports that ICI president Paul Schott Stevens had sent a letter to the ranking members of the House Ways and Means Committee, Rep. Charles Rangel (D-NY) and Jim McCrery (R-LA), seeking change in the tax treatment. At present, ETNs are taxed when a share is sold. The ICI wants ETNs to report accrued income in the same manner as mutual funds. Meanwhile, SIFMA has also weighed in on the matter, saying that ETNs' tax treatment should stay the same because they are more like futures contracts.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

2.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use