SIFMA White Paper on Tax Reform

SIFMA released a paper summarizing SIFMA's current positions on selected tax policy issues that may come before the Committee as it considers how to reform the Internal Revenue Code. The White Paper covered the following principal topics:

• Taxation of Financial Products

• Financial Services Industry Considerations in Addressing the Tax Treatment of Debt and Equity

• International Tax Reform

• Tax Classification of Independent Contractors

• Financial Transaction Tax ("FTT")

• Retaining Tax Incentives for Retirement Savings

• Capital Gains and Dividends

• Federal Tax Exemption for Municipal Bond Interest

• Bank Tax

• Foreign Account Tax Compliance Act ("FATCA")

• Cost Basis Reporting

View Paper here (links externally to PDF).See also: SIFMA comment letter.