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House Ways and Means Committee Releases Draft Provisions to Reform Financial Instruments Taxation

01.30.13
On January 24th the House Ways and Means Committee, chaired by Dave Camp (R – Mich.), issued “Discussion Draft Provisions to Reform the Taxation of Financial Instruments.”  The Draft calls for certain changes to Internal Revenue Code  provisions relating to financial instruments.  The proposals are broad and would affect holders of derivatives, as well as many capital markets and restructuring transactions.