Ways & Means Hearing on Taxation of Prepaid Forwards -- Links

Subcommittee on Select Revenue Measures
Hearing on Tax Treatment of Derivatives
Wednesday, March 05, 2008
Hearing Advisory

Neal Announces Hearing on Tax Treatment of Derivatives

Witness List and Testimony (Printer Friendly)
Witnesses

Panel 1:

Michael J. Desmond, Tax Legislative Counsel, United States Department of Treasury

Alex Raskolnikov, Associate Professor of Law, Co-Chair, Charles E. Gerber Transactional Studies Program, Columbia Law School

Reuven S. Avi-Yonah, Irwin I. Cohn Professor of Law, University of Michigan Law School

Keith A Styrcula, Chairman, on behalf of Structured Products Association


Panel 2:

George U. “Gus” Sauter, Chief Investment Officer, The Vanguard Group; Managing Director, Quantitative Equity Group

William M. Paul, Covington & Burling, LLP, on behalf of Investment Company Institute (ICI)

Leslie B. Samuels, Partner, Cleary Gottlieb Steen & Hamilton LLP on behalf of Securities Industry and Financial Markets Association (SIFMA)

Michael B. Shulman, Partner, Shearman & Sterling LLP
Submissions for the Record

Click here to provide a submission for the record.
Hearing Transcript

Not Yet Available
Printed Hearing

Not Yet Available

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Additional links:

www.structuredproducts.org -- SPA Official website

http://waysandmeans.house.gov/news.asp?formmode=release&id=628 -- Neal Opening Statement at March 5, 2008 Hearing on Tax Treatment of Derivatives -- "This topic is not for the faint of heart. Just explaining the different types of derivatives can fill volumes. Plus, the market is constantly evolving and growing. The Bank for International Settlements recently estimated the market for derivatives has exceeded $500 trillion in notional amounts just for the first half of last year. And for those taking notes, 500 trillion is half a quadrillion."