Senate Republicans strip LitFin tax ‘loophole’ provision from US budget bill
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free trial
  • Log in

Senate Republicans strip LitFin tax ‘loophole’ provision from US budget bill

The broader legislation narrowly passed the Senate and now heads to the House.

  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
US Capital Hill Federal Congress Senate Regulation Legal Washington DC.jpg

A proposal to eliminate a so-called litigation finance tax “loophole” was stripped from a sweeping US budget bill before its final approval, marking a major defeat after what one insurance industry source said was “unbelievable hand-to-hand combat” to keep...

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth

Topics

Gift this article