Tax Government Representatives Working Group

Tax Policy Overview
SIFMA supports tax reforms that promote investment and enhance economic growth.  SIFMA’s Tax Committees work to address legislative and regulatory developments impacting the taxation of securities firms, asset managers, and their clients. The committee liaises with other SIFMA Committees including the Retirement and Savings Committee, the State Government Relations State Tax Committee, the Municipal Policy Committee, and the International Policy Committee. SIFMA also corresponds regularly with our sister organizations AFME and ASIFMA on international taxation developments.

Committee Remit
SIFMA’s Tax Committees comprise member firm representatives of various tax and tax sensitive product committees as well as business line experts and tax directors. SIFMA, along with its consultants, provide updates to the Committees on various issues of importance to our members that could affect their businesses and impact customers.

Key Priorities & Issues

  • Serve as a resource for policymakers engaged in federal tax reform
  • Advocates for lower rates, parity, and permanency on capital gains and dividends
  • Oppose global, national, and extraterritorial financial transaction taxes
  • Preserve the current tax exclusion for state and local bond interest
  • Seek legislative approval to extend the present active financing exception (AFE) to Subpart F and closely monitor developments related to expiring tax provisions
  • Educate policy makers concerning the potential benefits and consequences of broad tax reform.
  • Educate members of Congress about adverse impacts of changes to the classification of workers as employees or independent contractors
  • Exempt financial services from the Marketplace Fairness Act
  • Comment on relevant regulatory initiatives

SIFMA Contacts

Payson Peabody
Managing Director & Tax Counsel
[email protected]
(202) 962-7333

Jen Flitton
Managing Director
[email protected]

Katie Malone
[email protected]
(202) 962-7465