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Article: SENS. BAUCUS, GRASSLEY SEEK JOINT COMMITTEE ON TAXATION ANALYSIS OF U.S. TAXATION OF SOVEREIGN WEALTH FUNDS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- March 13, 2008
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Senate Finance Committee Ranking Minority Member Charles E. Grassley, R-Iowa, issued the following news release:
Sen. Max Baucus, chairman of the Committee on Finance, and Sen. Chuck Grassley, ranking member, today asked the non-partisan Joint Committee on Taxation to describe and analyze the history, current rules, and policy underpinnings of the U.S. tax rules applicable to U.S. investment by foreign governments, including investments made by Sovereign Wealth Funds.
"Sovereign Wealth Funds have been around a long time, but they have increased in size and prominence lately. Treasury, the IMF, the OECD and the banking committees on both sides of the Capitol have been examining the ...