Hedge funds using “basket options” to recharacterize income as long term capital gain, bypass leverage limits – Senate webcast hearing today
Posted by William Byrnes on July 22, 2014
Two global banks and more than a dozen hedge funds misused a complex financial structure to claim billions of dollars in unjustified tax savings and to avoid leverage limits that protect the financial system from risky debt, a Senate Subcommittee investigation has found.
to watch the webcast and dowload the report, go to http://lawprofessors.typepad.com/intfinlaw/2014/07/hedge-funds-using-basket-options-to-recharacterize-income-as-long-term-capital-gain-bypass-leverage-.html
William Byrnes' Tax, Wealth, and Risk Intelligence 
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