03/01/2022
https://www.congress.gov...
"The structures that we have examined today have real consequences because they offload billions of dollars in taxes."
"Congress could go further and adopt the proposal of my colleague from Michigan, Congressman Camp, and tax all derivatives at the end of the year on their market value."
"The Financial Stability Oversight Council, working with other agencies, should establish reporting and data collection requirements to detect and to stop abuse of structured financial products to circ..."
"Treasury, and the IRS should remove impediments to audits of large partnerships, like hedge funds, 99 percent of which today escape IRS audits."