The Resource US taxation of high-yield debt : the end of the reprieve is coming
US taxation of high-yield debt : the end of the reprieve is coming
Resource Information
The item US taxation of high-yield debt : the end of the reprieve is coming represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item US taxation of high-yield debt : the end of the reprieve is coming represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- A punishing regime for the taxation of high-yield OID debt was introduced in 1989, which we call the "AHYDO rules". The rules were one of Congress' chief responses to the leveraged buyout frenzy of the 1980s. For 20 years, these absurdly complex rules rested in hibernation, but reared their heads in 2008, during the financial crisis. Recognizing that the application of the AHYDO regime to a large swath of American corporate debt was not what Congress intended in enacting the rules, Congress abrogated them in 2009 - but only for a brief period. In this article, the author (1) explains the history of the AHYDO rules, (2) walks readers through the maze of their application, (3) explains attempts by Treasury and Congress to mitigate their barb during the financial crisis and (4) offers some long-term solutions to the problem of what to do when the rules rear their heads once again in a few months
- Language
- eng
- Label
- US taxation of high-yield debt : the end of the reprieve is coming
- Title
- US taxation of high-yield debt : the end of the reprieve is coming
- Language
- eng
- Summary
- A punishing regime for the taxation of high-yield OID debt was introduced in 1989, which we call the "AHYDO rules". The rules were one of Congress' chief responses to the leveraged buyout frenzy of the 1980s. For 20 years, these absurdly complex rules rested in hibernation, but reared their heads in 2008, during the financial crisis. Recognizing that the application of the AHYDO regime to a large swath of American corporate debt was not what Congress intended in enacting the rules, Congress abrogated them in 2009 - but only for a brief period. In this article, the author (1) explains the history of the AHYDO rules, (2) walks readers through the maze of their application, (3) explains attempts by Treasury and Congress to mitigate their barb during the financial crisis and (4) offers some long-term solutions to the problem of what to do when the rules rear their heads once again in a few months
- Citation source
- In: Derivatives and financial instruments. - Amsterdam. - Vol. 11 (2009),
- http://library.link/vocab/creatorName
- Hammer, V
- Geographic coverage
- North America
- Language note
- English
- http://library.link/vocab/subjectName
-
- financial instrument
- deductions
- debt
- leveraged buy-out
- Label
- US taxation of high-yield debt : the end of the reprieve is coming
- Label
- US taxation of high-yield debt : the end of the reprieve is coming
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/US-taxation-of-high-yield-debt--the-end-of-the/Q-NORrHP578/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/US-taxation-of-high-yield-debt--the-end-of-the/Q-NORrHP578/">US taxation of high-yield debt : the end of the reprieve is coming</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/US-taxation-of-high-yield-debt--the-end-of-the/Q-NORrHP578/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/US-taxation-of-high-yield-debt--the-end-of-the/Q-NORrHP578/">US taxation of high-yield debt : the end of the reprieve is coming</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
