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

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

Rating:A Harvard Prof Recommends Congress Change How Fund Shareholders are Taxed Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, July 20, 2009

A Harvard Prof Recommends Congress Change How Fund Shareholders are Taxed

News summary by MFWire's editors

A Harvard Law School professor and consultant to the SEC is recommending that the Congress enact changes that would make U.S. mutual funds more competitive with their European brethren. Among John C. Coates' recommendations are changes in how fund shareholders are taxed, reports the Wall Street Journal's Arden Dale.

Coates specifically calls for Congress to allow fund shareholders to defer paying capital gains from their funds until after they sell the fund shares as long as they own fewer than two percent of the mutual fund's total shares.

He also recommends allowing fund investors to realize capital losses with the same manner and timing as capital gains.

Coates provided his recommendations in a report to the Committee on Capital Markets Regulation, an independent, nonpartisan research organization. 

Edited by: Sean Hanna, Editor in Chief

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use