Report: Market Fears of Consumption Tax Seem Unwarranted

Johnson, Matthew
March 2005
Bond Buyer;3/11/2005, Vol. 351 Issue 32088, p7
Trade Publication
Reports on the fears of municipal markets over the comments of Alan Greenspan, chairman of Federal Reserve Board, about changing the tax code to include a consumption tax in the U.S. Statement of George Friedlander, a municipal market strategist at Citigroup, Inc. on the transformation of the current income tax structure into a consumption-tax based system; Implications of holding municipal bonds under a consumption tax-based system; Disadvantage of the consumption tax-based system.


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