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Upholding rights and freedoms, both traditional and novel

Pillsbury Winthrop Shaw Pittman LLP
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USA
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July 19 2011

Yesterday was Bastille Day

IRS will not treat public-private investment funds as taxable mortgage pools, allowing the funds to issue tranched debt without incurring a corporate income tax

Sidley Austin LLP
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USA
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August 28 2009

Rev. Proc. 2009-38 announces that the Internal Revenue Service (“IRS”) will not apply the taxable mortgage pool (“TMP”) rules to Public-Private Investment Funds (“Funds”

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Upholding rights and freedoms, both traditional and novel

IRS will not treat public-private investment funds as taxable mortgage pools, allowing the funds to issue tranched debt without incurring a corporate income tax

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