My guess is to get people to pay taxes on this part.
“ The blockers shield tax-exempt investors from liability. But the proposed changes could add hefty taxes to any distributions made to SWFs if the blocker is deemed to have “effective control” of a portfolio company.”
My guess is to get people to pay taxes on this part.
“ The blockers shield tax-exempt investors from liability. But the proposed changes could add hefty taxes to any distributions made to SWFs if the blocker is deemed to have “effective control” of a portfolio company.”