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Analysis

Tax Bill's Ambiguity Increases Investors' Litigation Risk

By Vidya Kauri (November 17, 2017, 10:34 PM EST) -- The tax bill that recently passed the U.S. House of Representatives is missing key definitions and contains ambiguous terms relating to the use of so-called carried interest in the asset management business, which could result in investors taking risky positions on their tax returns to seek clarification from the courts....

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