US Treasury notice signals potential action on Wall Street tax trades
Bloomberg reports that a Treasury ruling will limit the tax benefits of a booming ETF maneuver, alongside a notice signaling potential action on an array of investing strategies.
TLDR
Bloomberg reports that the US Treasury Department took aim at Wall Street’s tax-aware investing boom with a notice signaling potential action on an array of strategies and a ruling that will limit the tax benefits of a booming ETF maneuver.
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