Two weeks to go in the Biden Administration. Am I the only tax guy who’s wondering why Treasury hasn’t done anything to thwart the BOXX transaction, which purports to convert interest income into capital gain? Treasury appears to have ample authority to end it, at least prospectively.
Comments
I guess the revenue estimates for enacting complex tax expenditures should include the cost of not closing loopholes administratively because Treasury will be preoccupied figuring out how the tax expenditures should work.