We are hearing so much these days about socially responsible investing, sustainable investing, impact investing, and investing based on ESG criteria meaning environment, social and governance. But what does it all mean? This workshop will help learners understand how the history of SRI has led to current practices and principles, with an emphasis on concepts and strategies related to fixed income investing.
The Internal Revenue Service has closed audits and left the tax-exempt status unchanged for $311.28 million of community development district bonds in Florida that started the whole debate about political subdivisions and led the tax agency to propose controversial rules for such districts earlier this year. more »
Republicans delegates adopted a 2016 platform at their national convention in Cleveland that supports statehood for Puerto Rico, but not for the District of Columbia. The GOP also wants to abolish the Internal Revenue Service, overhaul the federal tax code, and expand the use of P3s for infrastructure projects. more »
A repeal of the tax exemption for municipal bonds would cost state and local governments an additional $495 billion in interest over a ten-year period, Bond Dealers of America told Congress recently. more »
The Treasury Department and the Internal Revenue Service released final arbitrage rules on Friday that address issues relating to advance refundings, long-term working capital financings, hedges, investments, and grants among other things. more »
A tax reform plan released by Rep. Jim Renacci, R-Ohio, would replace the corporate income tax with a consumption tax and lower individual tax rates while maintaining the tax-exempt status of municipal bonds. more »
Rep. Peter DeFazios bill to impose a 0.03% tax on secondary market trades of stocks, bonds and derivatives would include tax-exempt as well as corporate bonds, a spokeswoman for the Democrat from Oregon said on Thursday. more »
A recent studys findings that the share of households holding municipal debt fell considerably over a 24-year period with a corresponding condensing of ownership in the hands of the wealthiest may lead to political questions related to muni debt, the studys authors conclude. more »
San Diego residents will have a chance this fall to vote on a proposed hotel room tax hike that would back bonds for a $1.8 billion professional football stadium-convention center downtown, but some critics question the bond financing. more »
The House approved an appropriations bill that would reduce funds for the Internal Revenue Service, the Securities and Exchange Commission and the District of Columbia for fiscal 2017, which begins on Oct. 1. more »
The House Republican blueprint for tax reform introduced last month would result in a 9.1% higher GDP over the long term, 7.7% higher wages and 1.7 million more full-time equivalent jobs, the Tax Foundation said on Tuesday. more »
Revenue estimates for the District of Columbia's fiscal 2016-2020 budget and capital plan remain nearly unchanged from the district's February estimate, D.C.'s chief financial officer said this week. more »
Natalie Cohen, Managing Director at Wells Fargo Securities, talks with The Bond Buyers Chip Barnett about the global attractiveness of U.S. municipal bonds in a negative interest rate environment in Europe and Asia. She discusses market volatility after the U.K. Brexit vote, looking at both the market side and the effect on state and local governments and public pensions.