Even the cash strapped Trump administration is coming to the conclusion that “tax alpha” strategies are illegitimate and abusive investment vehicles. And should be shut down (potentially).
www.bloomberg.com/news/article...
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bloomberg.com
Treasury Takes Aim at Wall Street Tax Trades in New Notice
The US Treasury Department took a big step toward curbing a Wall Street boom in investment strategies that help cut tax bills, with a notice signaling potential action on an array of tactics and a rul...