June 8, 2022Letters
MFA Submits Complaint Letter to the London Metal Exchange on Nickel Contract Cancellations
Growing the Economy and Creating Vibrant Markets
Tax Policy
MFA supports fair, simple, and growth-oriented tax policies that enable alternative asset managers to deliver for their beneficiaries, like pensions, endowments, and foundations. To that end, MFA encourages global regulators to ensure that any new tax policies are compatible across jurisdictions.
Championing long-term capital investment
MFA supports tax policies that encourage long-term capital investment and opposes discriminatory tax proposals that unfairly punish investment advisers who build businesses. This includes opposition to proposals that tax carried interest in a partnership, or LLC, as ordinary income.
MFA also opposes discriminatory proposals to change carried interest in a manner that creates discrepancies in treatment depending on the market participant. MFA urges policymakers to maintain the current tax treatment of the investment returns of advisers to private pools of capital and continues to encourage policymakers to support tax policies that do not create negative collateral effects.
Impact of financial transaction taxes
A financial transaction tax (FTT), would hurt everyday investors, especially retirees. Pensions, foundations, and endowments depend on alternative investments to provide returns in all market conditions. An FTT would reduce liquidity and asset values for all investors, increase the cost of credit to businesses, and negatively affect economic growth. Ultimately, an FTT would be shouldered by the 26 million American workers, including teachers, firefighters, police officers, and others, who rely on pensions for their retirement income.
Comment Letters
April 25, 2022Letters
MFA Submits Comment Letter to the Treasury Department and the Internal Revenue Service on the Proposed Passive Foreign Investment Company Regulations
April 2, 2020Letters
MFA Comments on Volker Rule Amendments
Related resources
October 11, 2023Letters
Text of Proposed Rule related to Part 4; Proposed Updates to the Article 9-A Business Corporation Franchise Tax Regulations
September 13, 2023Letters
MFA Submits Comment Letter to United States Committee on Finance Regarding the Tax Treatment of Digital Assets
August 23, 2023Letters
MFA Submits Comment Letter to HMT’s Revenue and Customs’ Consultation on the Reform of UK Law in Relation to Transfer Pricing, Permanent Establishment and Diverted Profits Tax
June 30, 2023Letters
MFA Submits Comment Letter to HMRC on Stamp Taxes on Shares Modernisation
