Letter sparks US battle of words over tax status of exchange-traded funds and notes


A heated debate over the taxation of exchange-traded notes (ETNs) erupted in the US early in November over a letter sent to the Ways and Means Committee of the US House of Representatives by Paul Schott Stevens, president and CEO of Investment Company Institute (ICI).

The letter urged the Ways and Means Committee, the chief tax-writing committee of the US House of representatives, to "advance legislation that would change the tax treatment of exchange-traded notes taxed as pre-paid forward

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here