Bloomberg
US · 1 hrs ago
✦ 78◉ Centre
Treasury Asked to Clarify Fast-Growing ETF Tax-Busting Strategy
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Quality 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline
The Investment Company Institute is requesting US Treasury guidance on an increasingly popular ETF strategy that enables investors to defer capital-gains taxes, amid regulatory uncertainty about the practice's legitimacy.
Treasury Asked to Clarify Fast-Growing ETF Tax-Busting Strategy
The Investment Company Institute has asked the US Treasury Department for guidance on a fast-growing ETF strategy that allows investors to sidestep immediate capital-gains taxes, as uncertainty grows over how regulators view the practice.
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