TITLE

Delay in Foreign Tax Act Positive for CLOs: Moody's

AUTHOR(S)
Colter, Allison Bisbey
PUB. DATE
July 2011
SOURCE
High Yield Report;7/25/2011, p23
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the delay in the implementation of the Foreign Account Tax Compliance Act in the U.S. It sees the move as a good news for collateralized loan obligations (CLO) and their investors. The delay will postpone reporting burdens and will give the CLO industry more time to seek an exemption from the act which was pushed to help the U.S. Bureau of Internal Revenue Service to better identify income earned by U.S. taxpayers from non-U.S. financial entities.
ACCESSION #
66187621

 

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