United States - Taxation under Dodd-Frank – Part 1
- United States
- V. Hammer; J. Bush
- Derivatives & Financial Instruments, 2011 (Volume 13), No 4
- 15 August 2011
One page of the behemoth Dodd-Frank Wall Street Reform and Consumer Protection Act is devoted to tax, but its tax implications range far beyond that page. This two-part article discusses the tax aspects of seven sections of the new law. The first part deals with bank capital and liquidity, “living wills”, the Volcker Rule, and banks as dealers in derivatives. The second part deals with securitization, derivatives and executive compensation.