The US Treasury and IRS have issued warnings targeting wealthy investors and advisors using Section 351 exchanges to create ETFs that defer capital gains taxes. This strategy involves transferring appreciated stocks into newly formed ETFs to avoid recognizing gains, which tax authorities now deem abusive if done to merely avoid taxes. Treasury Secretary Scott Bessent emphasized that such tax dodges will not be tolerated and clarified that these conversions do not work under existing law. The IRS and Treasury are seeking comments on new guidance and may impose stricter rules, especially on quick portfolio changes after ETF creation, signaling significant changes for high-net-worth investors using these tax strategies.
The US Treasury and IRS crackdown on ETF tax strategies provides context for financial markets. For readers following Financials, here is Pluang's market snapshot as of Oct 02, 2026 20:41 WIB: Among 85 priced Financials-sector US stocks, 49 rose and 33 fell. Carlyle Group Inc (CG) rose 2.48% to USD 41.39 with a typical hold time of 113 days, while Sezzle Inc (SEZL) gained 2.23% to USD 112.16 amid 100% sell order activity, and Nu Holdings Ltd (NU) dropped 2.18% to USD 13.00 with 90% buy order activity and a 53-day hold time.
Oculis Holding AG announced an in-person and virtual R&D Day on December 8, 2026, to highlight key clinical developments in its late-stage pipeline, including Licaminlimab for dry eye disease and Privosegtor for neuro-ophthalmology and neurology. The...
DNO ASA announced that its offer to acquire Capricorn Energy plc has lapsed as of November 9, 2026. This means the acquisition attempt will not proceed, impacting DNO's expansion plans in the oil and gas sector. Investors should monitor DNO's next st...
Oculis Holding AG will hold a Research & Development Day on December 8, 2026, to present key clinical progress on its late-stage drug candidates Licaminlimab for dry eye disease and Privosegtor for neuro-ophthalmic conditions including optic neuritis...
Juniper Research forecasts that losses from fraudulent robocalls in North America will decrease by 33%, from $18.4 billion in 2026 to $12.3 billion in 2031. This decline is attributed to telecom operators adopting advanced fraud prevention technologi...
Dimensional's International Value ETF (DFIV) offers active management with a lower fee of 0.27% compared to similar ETFs like iShares' EFV and IVLU. Through September 30, DFIV has outperformed its benchmark by about 1% annually after fees over five a...
