Harbor Bancorp asks high court to stop IRS from taxing bonds

Stanton, Michael
November 1997
Bond Buyer;11/05/97, Vol. 322 Issue 30267, p1
Trade Publication
Reports that the Supreme Court is being asked to decide whether the US Internal Revenue Service can tax investors in a bond issue the agency says involved an abuse of the arbitrage rules. Remarks of several observers about the question of fairness; When the Supreme Court will consider a non-constitutional tax case; Issues in Harbor Bancorp versus Commissioner of the IRS lawsuit.


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