Political Quotes

Tom Coburn: “I think there is lost revenue because if, in fact, a mutual fund is going to invest in a company that does commodity…”

On the recordJanuary 25, 2012
I think there is lost revenue because if, in fact, a mutual fund is going to invest in a company that does commodity trading and does not do it in a tax-sheltered location, they are going to pay taxes on that, trading profits before they share with the stockholders of the fund.
Said by
Tom Coburn
Republican · Oklahoma

Editor's note · Context

Coburn argues that mutual funds investing in certain companies incur tax losses.

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