The American Jobs Creation Act of 2004: Summary of Certain Provisions Affecting Investment Management
Author: James N. Calvin .; Edward H. Dougherty.
Source: Volume 18, Number 03, January/February 2005 , pp.5-14(10)
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Abstract:
This article describes certain of the tax cuts and tax increases affecting investment management funds and fund managers contained in the American Jobs Creation Act of 2004 (the “Act”).1 The bill was signed into law by the President on October 22, 2004. Certain of these provisions effectively eliminate or restrict transactions and arrangements entered into by investment managers, and other provisions impose increased costs and complexity on doing business. There are some limited tax benefits contained in the Act. Fund managers should become familiar with these provisions and understand the impact on their businesses.Keywords:
Affiliations:
1: Deloitte Tax LLP; 2: Deloitte Tax LLP.