MFA Letter to Chairman Rangel Expressing Concerns Regarding H.R. 6049, Energy and Tax Extenders Act of 2008

MFA sent a letter to House Ways & Means Committee Chairman Charles Rangel (D-NY) expressing our concerns regarding H.R. 6049, which is titled the Energy and Tax Extenders Act of 2008 and proposes to, among other things, temporarily extend many expiring tax provisions of the Internal Revenue Code by eliminating the deferral of taxation of certain compensation that U.S.-based hedge fund professionals invest in their firms’ offshore funds.