Obama proposes taxing derivatives under mark-to-market rule

04/11/2013 | Wall Street Journal, The

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

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Wall Street Journal, The

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