Perspectives

Senate investigates use of barrier option baskets

On July 22, 2014, the Senate PSI held a hearing in Washington D.C. to discuss the use of certain financial products purported to avoid both federal income taxes and regulatory leverage limits.

In conjunction with the hearing, the Senate PSI issued a report: Abuse of structured financial products: Misusing basket options to avoid taxes and leverage limits, which describes in detail the specific transaction with which the PSI is concerned.
 
 
Contact Information
 
Ted Dougherty
National Managing Partner
Investment Management Tax
Deloitte Tax LLP
+1 212 436 2165 [Call: +1 212 436 2165]
edwdougherty@deloitte.com
    
Craig Gibian
Principal
Deloitte Tax LLP
+1 202 220 2637 [Call: +1 202 220 2637]
cgibian@deloitte.com

Read the full report.
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