Tribal Deals Examined

Newman, Emily
March 2005
Bond Buyer;3/16/2005, Vol. 351 Issue 32091, p1
Trade Publication
Reports on the plans of the U.S. Internal Revenue Service to escalate its examination of bonds issued for Indian tribes to determine if any of those deals involved abusive arbitrage devices. Concern of the agency about tribes being approached by investment bankers and others who are promoting inappropriate commercial ventures by tribes; Decline in the municipal bond issuance by tribal governments; Restriction of the use of tax-exempt bonds to essential government functions only.


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