Revised House tax bill takes aim at offshore accounts

Fri Dec 14, 2007



In the latest twist in the tax debate, the U.S. House of Representatives passed a bill Wednesday that could result in a large tax increase on hedge fund earnings.

The measure, H.R. 4351, attempts to reduce the impact of the alternative minimum tax (AMT) on middle-class Americans – and to pay for this relief by closing a loophole that allows hedge funds to...

ISSN: 2151-1845 / CDC10004H

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