Template:M intro isda US tax complex
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The run-off from the global financial crisis saw any amount of regulatory weight-throwing-arounding — any pretence any regulator had to subscribe to Ronald Reagan’s idea that the government was the problem was well and truly jettisoned — and none more so than in the world of taxation. There was FATCA, of course, and then the HIRE Act, which didn’t seem to have anything much to do with equity derivatives, but sure as hell made itself have something to do with them, and then an amendment to Section 871(m) of the Internal Revenue Code.
What are these things, what to they do, and how are they related to each other?
Section 871(m) is part of the HIRE Act.