The Warning Came First

The city of Ledgerville! The ETF tax crackdown was telegraphed in July. Mayor Pennywhistle: nobody tells me anything! Baron Von Bottomline: box spreads, synergistic deferral! Dash: options tricks that delay the tax, flagged too. Pop: the July warning said a tax pitch too good to be true probably is, and officials met Wall Street's tax association. Zap: a law professor says Congress could narrow the ETF break itself. And so, once again, the warning came first.

The ETF tax crackdown was telegraphed: in July the Treasury secretary warned that a tax pitch that sounds too good to be true probably is, and officials met Wall Street's tax association about the deals; this week's notice goes beyond ETF seeding to flag transfers into partnerships and 'box spread' ETFs, and a law professor says Congress could narrow the ETF tax break itself.

Starring

🎙️The AnnouncerMayor PennywhistleBaron Von BottomlineDashPopZap