IRS finds link between some yield burning, contributions

Stanton, Michael
November 1997
Bond Buyer;11/24/97, Vol. 322 Issue 30279, p1
Trade Publication
Reports that the US Internal Revenue Service's claim that it has found evidence that investment bankers used yield-burning profits to finance political contributions to elected officials. Description of how yield burning occurs; Agency's contention on the impact of the practice of tax-exempt status of outstanding bonds.


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