The following letter was sent to SEC Chair Mary Schapiro and IRS Commissioner Doug Shulman on “tax day” with the hope they will jointly work at restoring the integrity of cash flow statements, without question the most important analytical tool for investment advisors like myself. It is simply astonishing, given their material nature, that listed companies are not fully disclosing purchased and accumulated net operating losses nor the impact of complying with the “fractions rule” in the case of private equity partnerships. (more…)
Posts Tagged ‘net operating losses’
** June 7, 2011 ** Letter to SEC Chair and IRS Commissioner – Tax Deduction Pyramid Scheme
Posted in Uncategorized, tagged ABA tax section, carried interest, Curt Wilson, doug shulman mark zehner, fractions rule, ge, George Roberts, hedge funds, Henry Kravitz, irs, kkr, mary schapiro, net operating losses, paul volcker, Private Equity, public pensions, repeal of fractions rule, Sanford Presant, sec, Tax Equity, tax exempt, treasury 2012 revenue guidelines, Wayne Pressgrove on June 7, 2011 |
Post Archive
- February 2013
- September 2012
- August 2012
- July 2012
- May 2012
- February 2012
- June 2011
- March 2011
- January 2011
- October 2010
- August 2010
- May 2010
- April 2010
- March 2010
- February 2009
- December 2008
- November 2008
- October 2008
- August 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
Meta
