Financial Products: Taxation, Regulation and Design (2023)

Format: Print Book
Product ID: 10086796-0003
ISBN: 9780808057666
A road map to work one’s way through the tax and regulatory maze of financial products.

Now in its fourth edition, this two-volume bound book provides a road map to work one’s way through the tax and regulatory maze of financial products. It details the policies, rules, and interpretations that govern the federal regulation and taxation of securities, crypto currencies, commodities, options, derivatives, and hybrid products. It provides reliable answers to questions about financial markets, financial products, and market participants, and it will help with planning transactions and defending challenged tax positions.

Part One: Overview of the Markets
Part Two: Major Market Users
Part Three: Tax Classifications of Financial Market Participants
Part Four: Taxation of Capital Transactions
Part Five: Ordinary Income Transactions
Part Six: Anti-Abuse Considerations
Part Seven: Terminations of Contract Rights and Obligations
Part Eight: Dividends, Interest, Security Loans, and Repurchase Transactions
Part Nine: Equity Securities, Options, Partnerships, and Publicly Traded Trust Interests
Part Ten: Debt Securities and Options on Debt Securities
Part Eleven: Asset-Backed Securities
Part Twelve: Commodities, Options on Commodities, and Bitcoin and Virtual Currencies
Part Thirteen: Section 1256 Contracts
Part Fourteen: Straddles
Part Fifteen: Foreign Currency and International Operations
Part Sixteen: Notional Principal Contracts

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More Information
Contributors Andrea S. Kramer, Nicholas Mowbray
Product Type Publications
ISBN 9780808057666
Format Print Book
Andrea S.  Kramer
Andrea S. Kramer
ANDREA S. (ANDIE) KRAMER is the founding member of boutique Chicago law firm, ASKramer Law LLC. Previously, Ms. Kramer served as a partner at McDermott Will & Emery LLP for 30 years, after beginning her career at Ungaretti & Harris LLP. Ms. Kramer launched her firm in 2023 to provide integrated legal counsel to public, private and nonprofit companies, and private wealth clients on complex regulatory, governance, commercial, and tax law issues. Primarily, Ms. Kramer focuses her practice on the traditional and emerging finance and energy sectors—including investment and trading operations; conventional and alternative energy production and transmission taxation; climate; and tax controversy matters. A recognized thought leader on financial products, derivatives, digital assets, and taxation, she is a frequent contributor to trade and professional journals. Ms. Kramer was an adjunct professor at Northwestern University Pritzker School of Law for two decades and has developed and delivered many training courses for commercial and professional audiences, including specialists at the U.S. Treasury and IRS. She is a graduate of the University of Illinois at Urbana-Champaign (B.A., history and political science summa cum laude, Phi Beta Kappa, Bronze Tablet Award) and of Northwestern University Pritzker School of Law (J.D. cum laude). Ms. Kramer is a member of the Illinois Bar.

Nicholas Mowbray
NICHOLAS C. MOWBRAY is a counsel resident in the Washington D.C. office of Baker & Hostetler LLP. His practice focuses on international tax and financial products tax matters, where he advises funds, investment managers, multinationals across various industries, and individuals on financial products matters, including issues associated with debt, commodities, derivatives, and cryptocurrencies, rules affecting market participants (that is, investors, traders, dealers, and hedgers), and international tax matters such as transfer pricing, treaty applicability, the anti-hybrid rules, GILTI, subpart F income, FDII, and foreign tax credit planning. Mr. Mowbray is a graduate of the University of Michigan (B.A.), Chicago-Kent College of Law (J.D.), and Northwestern University (LL.M). He is a member of the Illinois and Washington D.C. Bars. He has worked with Andie Kramer on updates to Financial Products: Taxation, Regulation, and Design since 2011.