MutualFundWire.com: Jaffe Roots for Mutual Fund Tax Reform
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Monday, October 04, 2010

Jaffe Roots for Mutual Fund Tax Reform


Fundsters interested in mutual fund tax reform may want to look at Chuck Jaffe's column yesterday. In MarketWatch Jaffe explains the logic behind the proposal, which would treat traditional open-ended mutual funds the same as ETFs and individual stocks for tax purposes, allowing shareholders to wait to pay taxes on the funds' gains until they sell their shares.

The U.S. House of Representatives passed the Regulated Investment Company Modernization Act on Wednesday (see The MFWire, 9/30/2010). Yet Jaffe isn't confident that it will pass the Senate; he sees the bill as "too lightweight to get through on its own."


Printed from: MFWire.com/story.asp?s=33613

Copyright 2010, InvestmentWires, Inc.
All Rights Reserved
Back to Top