The Investment Company Institute criticized a State of California final feasibility report recommending the establishment of state-run, tax-advantaged, retirement investment plans for workers who do not have access to an employer-sponsored retirement savings plan.
SIFMA provided recommendations to the Treasury Department concerning Internal Revenue Code rules governing withholding on “dividend equivalent payments” on derivatives that reference U.S. equity securities.
In response to requests for comments issued by the United States Senate Committee on Finance, SIFMA and the United States Chamber of Commerce each offered recommendations on comprehensive tax reform.
In a letter to New York State officials, SIFMA and 26 other organizations expressed opposition to "any form" of a New York State Stock Transaction Tax.
In a new whitepaper, SIFMA detailed the potential negative implications of legislation that would reimpose a New York State Stock Transfer Tax.