Treasury Cracks Down on Wall Street Tax-Avoidance — SkimNews
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- The US Treasury is taking aim at tax-avoiding investment strategies on Wall Street, threatening a crackdown on these approaches
- An ETF tax strategy popularized by AQR — dubbed the "Holy Grail" — received an IRS warning via revenue ruling, raising questions about dividend safety
Why it matters: The IRS revenue ruling directly targets a widely-used ETF tax-optimization strategy, meaning fund managers and investors relying on this approach face new uncertainty about its tax treatment and potential dividend treatment going forward.
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