MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, January 8, 2003 No Tax Break on Money Funds The Bush Administration plans to exclude dividends paid by money market mutual funds from its economic relief package. The revelation was made yesterday by White House chief economist Glenn Hubbard in an interview with the Wall Street Journal. While the IRS technically considers current payments from money market funds as dividends any new tax law will be written to exclude those dividends from the proposed dividend tax exclusion by defining them as interest payments. Printed from: MFWire.com/story.asp?s=4305 Copyright 2003, InvestmentWires, Inc. All Rights Reserved |