Tax Partner Quoted in Tax Analysts on Treasury Guidance Clarifying Regulated Investment Company Controlled Group Rules
In her comments, Ms. Johnston, author of Taxation of Regulated Investment Companies and Their Shareholders, highlights the importance of the Treasury’s decision to clarify the definition of a controlled group. She goes on to explain that if the Treasury finalizes the new regulations, "there are some RICs that may well choose to alter their structure, really change the way in which they conduct their investment activities."