Event Details
By 2017
Description
Hedge fund managers will be required by Section 457A of the Internal Revenue Code to repatriate fees deferred in offshore accounts before 2009 back into the U.S.
Participants (1)
| Name | Type | Mentions | |
|---|---|---|---|
| Hedge fund managers | person | 0 | View Entity |
Source Documents (1)
HOUSE_OVERSIGHT_033561.jpg
This document is an email from January 21, 2014, forwarded to 'jeevacation@gmail.com'. It contains a DUJOUR article titled "Why Palm Beach, Florida Is The 'New Greenwich' For Wall Streeters," which discusses the migration of hedge funds and wealthy financiers to Palm Beach. The article attributes this trend to Florida's lack of state income, estate, and capital gains taxes, as well as the impending deadline of Section 457A of the Internal Revenue Code, which required repatriation of offshore funds.
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