AFP Blog: Legislation, Government Relations and Related Topics

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Wednesday, May 04, 2005

Bill Would End Tax Loophole for Investors

Bill Would End Tax Loophole for Investors: "Bill Would End Tax Loophole for Investors
By MARY DALRYMPLE
The Associated Press
Tuesday, May 3, 2005; 7:51 PM
WASHINGTON -- The Senate's top tax writers said Tuesday that they intend to crack down on an arrangement between charities and investors that uses life insurance policies as a tax shelter.
'I'm very concerned about snake oil salesmen taking advantage of tax-exempt organizations to line their own pockets with life insurance schemes,' said Senate Finance Committee Chairman Charles Grassley, R-Iowa."

Wednesday, May 04, 2005

Bill Would End Tax Loophole for Investors

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