New White House tax proposal takes aim at derivatives

04/11/2013 | Wall Street Journal, The

A tax proposal from the Obama administration would use mark-to-market accounting to tax derivatives annually. If enacted, the proposal could raise close to $18.9 billion over a decade, according to the Treasury Department. The proposal is similar to one distributed by Rep. Dave Camp, R-Mich., which might make it easier to turn into law, an unidentified Treasury official said.

View Full Article in:

Wall Street Journal, The

Published in Brief: