US - Pension funds would be forced to pay the same tax as commercial commodity traders under proposed legislation aimed at reducing speculative trading.
Under current tax law, commercial buyers such as airlines, trucking companies, and independent refiners who buy oil or other fuels or futures contracts as part of their business, pay ordinary incom...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
