IRS To Delay Dividend Tax Rule On Equity-Linked Instruments

Law360, New York (March 4, 2014, 6:01 PM EST) -- The Internal Revenue Service on Tuesday said it won't apply proposed tax loophole regulations on certain equity-linked financial instruments until 90 days after the final regulations are issued, in response to comments received.

The proposed regulations, which address dividend tax loopholes exploited by offshore hedge funds and non-U.S. investors, sought to cover equity-linked instruments that were acquired on or after March 5. Commenters, however, said the rule shouldn't apply to equity-linked instruments that are issued before January 1, 2016, because the March date won't give market...
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