TITLE

IRS Targets Unintentional Arbitrage

AUTHOR(S)
Barnett, Susanna Duff
PUB. DATE
July 2003
SOURCE
Bond Buyer;7/15/2003, Vol. 345 Issue 31677, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the plans of internal revenue service (IRS) to target a certain type of arbitrage violation that can occur with the advance refunding of tax-exempt municipal bonds in the U.S. Failure of the trustees to blend down the investment yields of the securities in their advance refunding escrows.
ACCESSION #
10273267

 

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