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Legal Update

Hedge Funds, Real Estate Funds and Other Investment Funds Face Detrimental Tax Consequences from Proposed US Legislation

9 March 2009
Mayer Brown Legal Update
On March 2, 2009, Senator Carl Levin reintroduced a bill to the Senate and Representative Lloyd Doggett introduced a companion bill to the House, entitled the “Stop Tax Haven Abuse Act.” The bill is similar to legislation introduced in February 2007, but contains several new provisions including one regarding treating certain foreign corporations as US domestic corporations for US federal income tax purposes.

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