Tax risk is at the top of MFA's agenda. MFA is working to provide clarity on a wide range of potential repercussions that would affect investors should revisions to longstanding partnership tax rules change.
There are three key tax rules under review by the Senate Finance Committee that, if enacted, could significantly impact private pools of capital:
MFA leads an aggressive lobbying initiative including building coalitions with other industry organizations:
- MFA’s continues to build on its longstanding relationships with staff from Treasury, House Ways & Means Committee, Senate Finance Committee and the Joint Committee on Taxation.
- MFA works with Treasury and the IRS to promote clarity on rules regarding tax exempt entities and excise taxes that govern prohibited tax shelters and treatment of credit default swaps.
- MFA successfully received guidance from Treasury on rules such as the nonqualified deferred compensation arrangements. (Section 409A).