1.0Committee on Homeland Security & Governmental Affairshttps://www.hsgac.senate.govTim O'Connor Fraserhttps://www.hsgac.senate.gov/author/tofraser/rich600338<blockquote class="wp-embedded-content" data-secret="WOVcnDai7e"><a href="https://www.hsgac.senate.gov/subcommittees/investigations/rep/senate-hearing-on-irs-actions-allowing-mutual-funds-to-skirt-tax-limits-on-commodity-investments/">Senate Hearing on IRS Actions Allowing Mutual Funds to Skirt Tax Limits on Commodity Investments</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.hsgac.senate.gov/subcommittees/investigations/rep/senate-hearing-on-irs-actions-allowing-mutual-funds-to-skirt-tax-limits-on-commodity-investments/embed/#?secret=WOVcnDai7e" width="600" height="338" title="“Senate Hearing on IRS Actions Allowing Mutual Funds to Skirt Tax Limits on Commodity Investments” — Committee on Homeland Security & Governmental Affairs" data-secret="WOVcnDai7e" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); </script> WASHINGTON – The Senate Permanent Subcommittee on Investigations will hold a hearing Thursday exploring decisions by the Internal Revenue Service (IRS) that have increased commodity speculation by allowing some mutual funds to use offshore shell corporations and complex financial instruments to circumvent longstanding tax code limits on mutual fund trading in commodities. “Over the last […]https://www.hsgac.senate.gov/wp-content/uploads/HSGAC_Logo_Social.jpg1200630