IHS Markit touts US equity derivs tax tool

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By Dan Alderson
10 Jan 2017

IHS Markit has unveiled a solution aimed at helping market participants meet withholding tax obligations on US equity derivatives arising from the newly imposed section 871(m) rule.

The 871(m) rule has been a long-running subject of confusion and debate among equity derivatives traders. It aims to close a gap between how equity derivatives trades by foreign investors are taxed relative to those on cash share dividends. But discussion with regulators has evolved over which instruments ...

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