"A derivative transaction could be taxed several times, depending on its structure."
--Rep. Mike McMahon (D-NY) on the risk that a U.S. proposed tax on financial transactions could hit some derivatives twice: once on the trade date and again when the underlying is transferred for settlement.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
