IRS Targets Unintentional Arbitrage

Barnett, Susanna Duff
July 2003
Bond Buyer;7/15/2003, Vol. 345 Issue 31677, p1
Trade Publication
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.


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