Tax-exempt bonds - questions and answers on arbitrage rebate.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on April 1, 1992. The length of the article is 1486 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Issuers and owners of tax-exempt bonds must keep arbitrage rebate rules in mind in order to protect their tax exemption. A bond becomes an arbitrage bond and thus subject to tax unless all profits are remitted to the federal government every five years if the issuer used the difference between tax-exempt and taxable interest rates to gain a significant financial advantage. State and local government series bonds and qualified regulated investment company stock do not have to follow these rules.

Citation Details
Title: Tax-exempt bonds - questions and answers on arbitrage rebate.
Author: John C. Gardner
Publication:The Tax Adviser (Magazine/Journal)
Date: April 1, 1992
Publisher: American Institute of CPA's
Volume: 23 Issue: n4 Page: 238(3)

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