Welch seeks to close tax loophole for publicly traded partnerships

Print More

Congressman Peter Welch has introduced legislation to close a tax loophole for some publicly traded partnerships.

Welch says these corporations’ status as partnerships allows them to avoid paying billions of dollars in tax payments.
He also says this gives them a competitive advantage over other corporations who pay their fair share.

The legislation would tax all publicly traded partnerships that get income from investment advisers or financial management services.

Comments are closed.