SFIG Sends LIBOR Tax Letter to Treasury

SFIG’s Tax Committee has submitted a letter to the IRS requesting administrative relief for debt holders, including securitization vehicles, when LIBOR is replaced.  We discussed some of the potential adverse tax consequences of LIBOR's phase-out in a previous BrassTax issue.

Cadwalader tax partners Jason Schwartz and Gary Silverstein were co-authors on the SFIG letter.

 

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