If you've got some serious time and brainpower to invest, check out Reuters
columnist John Kemp's lengthy story
about a new tax ruling's possible affect on commodity-based mutual funds.
Kemp writes that the IRS could decide to reverse the decision that currently allows mutual funds to put $50 billion in assets into Cayman Island subsidiaries or structured notes and still be exempt from corporate income tax.
The bottom line? Commodity funds may come under serious pressure. For those of you who want the details, read the full article here
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