ABA: IRS' Safe Harbor on GIC Brokers' Fees Is Too Small

Kinnander, Ola
September 2000
Bond Buyer;09/15/2000, Vol. 333 Issue 30976, p5
Trade Publication
Focuses on the proposed rules on broker fees for guaranteed investment contracts by the United States Internal Revenue Service. Concern of the Tax Section of American Bar Association over the tax regulation; Issues on the interference of the Treasury on investment decisions; Imposition of safe harbor limit for brokers.


Related Articles

  • GIC fee caps will hamstring creativity, witnesses tell regulators. Resnick, Amy B. // Bond Buyer;12/15/99, Vol. 330 Issue 30788, p5 

    Reports on the negative effects of capping the fees that brokers can earn when selling guaranteed investment contracts (GIC) and other investments for tax-exempt bond refunding escrows. Reduction of the money that the federal government recovers in arbitrage rebate payments; Safe harbor proposed...

  • Massachusetts School Building Agency Seeking GIC Brokers for $1.5B Deal. Kaske, Michelle // Bond Buyer;3/15/2007, Vol. 359 Issue 32587, p6 

    The article reports that Massachusetts School Building Authority is looking a guaranteed investment contract broker to advise it on proceeds generated from a $1.5 billion bond sale. The request for qualifications is seeking candidates to list any experience working for a government entity as a...

  • Give advice on new-builds with care. Yousefi, Mehrdad // Mortgage Strategy;11/13/2006, p44 

    The article discusses the importance of bank guarantees for new buildings in Great Britain. The guarantees offer peace of mind for both brokers and consumers regarding the completion of construction and the refund of consumer's deposit in the event of financial difficulty. Moreover, most of the...

  • Treasury Finally Releases Rules Governing Brokers' GIC Fees. Barnett, Susanna Duff // Bond Buyer;12/11/2003, Vol. 346 Issue 31779, p5 

    Reports on the release of regulations governing brokers' guaranteed investment contract (GIC) fees by the Treasury Department in the U.S. Increase the limits for GIC brokers fees; Rules of arbitrage from the regulation; Adjustment for inflation on the dollar limits for both the per-investment...

  • Brokers facing £1,400 fees for loan regulation. Boles, Corey // Money Marketing;3/13/2003, p84 

    Reports on the possible increase in mortgage brokers' application fees in Great Britain due to the Financial Services Authority mortgage regulation proposals. Levy on electronic application after April 1, 2004.

  • GICs: An old asset class solves new problems. Danco, Walter T.E.; Findlay, Harald B. // Employee Benefits Journal;Jun94, Vol. 19 Issue 2, p28 

    Focuses on the role of guaranteed investment contracts (GICs) in asset allocation for lifestyle funds. Replacing bonds with GICs in lifestyle funds; Planning for a diversified GIC fund.

  • Stable value options needed in saving plans. Shigley, Klaus // Pensions & Investments;10/2/1995, Vol. 23 Issue 20, p12 

    Opinion. Asserts the usefulness of the guaranteed investment contracts towards greater equity allocations into retirement plans. Lack of savings as the bigger issue; Level of allocations to common stock in corporate defined contribution plans; Gallup survey on the investment in stable value...

  • DM vendors talk the talk and walk the walk--and they guarantee their results. Burns, Joseph // Managed Healthcare;Aug97, Vol. 7 Issue 8, p18 

    Focuses on guaranteed savings programs offered by disease management vendors in the United States. Benefits on patients; Offering of a percentage of savings or will contract on a fee-for-service basis; Cost effectiveness of the programs; Disease conditions covered by the guaranteed savings...

  • Synthetic GIC sales spurted in first half of 1993. Crosson, Cynthia // National Underwriter / Life & Health Financial Services;11/15/93, Vol. 97 Issue 46, p5 

    Reports on the sales performance of synthetic guaranteed investment contracts (GIC) and other GIC products in the first half of 1993. Provision of plan sponsor to underlying assets and book value wrap; Insurance companies' entry into the market.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics