FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Issue
Tax Policy→
Summary
SIFMA, the Investment Company Institute (ICI), and The Financial Services Roundtable (FSR) provide comments to the U.S. Department of Treasury on global and extraterritorial financial transaction tax proposals. The organizations oppose a national, global, or regional financial transactions tax (FTT) as such a levy would contribute to economic uncertainty and distort the ability of investors and businesses to make long-term economic decisions.
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