Proposed changes in arbitrage rules aim to simplify cumbersome process.
The Internal Revenue Service has proposed an overhaul of its rules governing profits earned by not-for-profit institutions when they temporarily invest proceeds from the sale of tax-exempt bonds. The current rules, implemented in 1986 to counteract such abuses, are long and complicated, IRS officials admit. The new rules could be in place by June 30.
J
J
Nemes
D002202:Capital Financing / Q000331:legislation & jurisprudence*; D006788:Hospitals, Voluntary / Q000191:economics* / Q000331:legislation & jurisprudence; D007449:Investments / Q000191:economics / Q000331:legislation & jurisprudence*; D013660:Taxes / Q000331:legislation & jurisprudence*; D014481:United States