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ARCHIVE
New Law Will Make Funds More Efficient and Reduce Need for Amended Tax Returns
By Ianthe Zabel
December 23, 2010
ICI President and CEO Paul Schott Stevens made the following statement upon the enactment of H.R. 4337, a bill that updates and simplifies a number of mutual fund tax rules:
“We applaud President Obama for signing into law this important bill that will make funds more efficient and reduce the need for investors to file amended tax returns related to their investments. The Regulated Investment Company Modernization Act streamlines and updates technical tax rules, allowing fund companies to focus on innovating and serving shareholders. ICI has long supported Congress’s efforts to clarify and streamline mutual fund tax rules, and we are pleased that Congress acted expeditiously and in a bipartisan manner to modernize these laws.”
- Learn more about ICI’s tax policy work.
- Learn more about ICI’s government affairs work.
- Learn more about ICI’s work on H.R. 4337.
- Find more background on H.R. 4337 from law firm Stradley Ronon Stevens & Young, LLP.
Ianthe Zabel is ICI’s Senior Director for Media Relations.
TOPICS: TaxesGovernment Affairs
ICI Supports House Vote on Bill to Update Mutual Fund Tax Laws
By Ianthe Zabel
December 17, 2010
ICI President and CEO Paul Schott Stevens made the following statement about recent U.S. House of Representatives approval of H.R. 4337, as amended and approved by the U.S. Senate.
TOPICS: TaxesGovernment Affairs
Enactment of Tax Bill Extending Current Tax Rates on Investments Comes at Critical Time and Brings Certainty
By Ianthe Zabel
December 17, 2010
ICI President and CEO Paul Schott Stevens today issued the following statement on enactment of a tax bill that will maintain and extend the current tax rates on capital gains and dividends for two years...
TOPICS: TaxesGovernment Affairs
Proposed SEC Whistleblower Program Could Backfire
By ICI Viewpoints
December 17, 2010
Today we filed a comment letter on the Securities and Exchange Commission’s proposed new whistleblower rules. Our letter registers the Institute’s very serious concerns about the unintended consequences that will likely result from the program, given its proposed design.
TOPICS: Fund Regulation
Equity Market Issues: Our Industry Must Be Challenged, Too
By Karrie McMillan
December 9, 2010
ICI is hosting its annual Equity Markets Conference in New York City today. To get the conference started, I urged everyone to keep one number in mind: 90 million. That’s the number of investors who are saving for their futures through the funds that ICI members offer.
TOPICS: Financial Markets
ICI Applauds Senate Approval of Bill to Modernize Mutual Fund Tax Laws
By Ianthe Zabel
December 9, 2010
ICI President and CEO Paul Schott Stevens made the following statement about recent U.S. Senate approval of H.R. 4337.
TOPICS: TaxesGovernment Affairs
Fund Investors, Economy Will Benefit From Certainty and Lower Tax Rates on Investments
By Ianthe Zabel
December 9, 2010
ICI President and CEO Paul Schott Stevens today issued the following statement on the tax legislation, H.R. 4853 as amended, approved by the U.S. Senate in a strong bipartisan vote.
TOPICS: TaxesGovernment Affairs
ICI and IDC Oppose SEC’s One-Size-Fits-All Approach to Proxy Access
By ICI Viewpoints
December 8, 2010
TOPICS: Fund Governance
SEC Considerably Understates Costs of Rule 12b-1 Reform Proposal
By ICI Viewpoints
December 1, 2010
Following up on our November comment letter to the Securities Exchange Commission, ICI conducted and submitted our own cost-benefit analysis of the SEC’s proposal to replace Rule 12b-1.
TOPICS: Fund GovernanceFund Regulation
New ICI Report Shows the Key Role IRAs Play in U.S. Retirement Saving
By ICI Viewpoints
December 1, 2010
Americans are accumulating significant resources in individual retirement accounts (IRAs) largely through rollovers from employer-sponsored retirement plans, according to an ICI report published today.
TOPICS: Retirement Research
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