Preserving Basis After Redemption
Document Type
Article
Publication Date
2-17-2003
ISSN
1048-3306
Publisher
Tax Analysts
Language
en-US
Abstract
To shut down a particular kind of offshore tax shelter scheme regarded as abusive, the Treasury has proposed changes in the way shareholders recover investment after engaging in corporate redemptions taxed as dividends. This article argues that the proposed regulations operate poorly in the more typical setting of distributions by corporations to individual shareholders, that existing law produces better results in those situations, and that the Treasury should employ narrower rules to attack tax shelter arrangements.
Recommended Citation
Alan L. Feld,
Preserving Basis After Redemption
,
in
98
Tax Notes
1143
(2003).
Available at:
https://scholarship.law.bu.edu/faculty_scholarship/2968
