U.S. options industry opposes "mark-to-market" tax proposal

04/25/2013 | Reuters

The U.S. Securities Markets Coalition, which includes exchange operators and OCC, has urged members of Congress to defeat a measure that would use "mark-to-market" accounting to determine the value of most financial derivatives for taxing purposes. "You come into the options market to hedge. This [proposal] defeats the whole purpose of why you came into options in the first place," said Gary Katz, CEO of the International Securities Exchange.

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