Oil speculation tax discusssion draft roils the markets

Journal
Hammer, V.
United States
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2008 (Volume 10), No. 5
FormatPDF
EUR
40
| USD
45
(VAT excl.)

This article discusses the Wyden-Grassley discussion draft of legislation that would change the taxation of trading and investing in oil and gas commodities. As background, testimony given before the Committee on Homeland Security and Governmental Affairs of the Senate is analysed, along with the US economic circumstances giving rise to the Congressional concern.