Tax uncertainty in the run-up to the US elections is bad news for structured products

Capitol Hill in Washington DC
Tax levels remain unresolved in run-up to election

With US Congressional elections due to be held on November 2 amid heated debate about whether to extend the Bush administration's tax cuts, investor uncertainty about future tax levels is having a negative effect on the structured products market. As the US gears up to vote for members of the House of Representatives and the Senate, a recent Reuters-Ipsos poll shows that Republicans are likely to take the House while Democrats are likely to retain control of the Senate. Former US President Ge