ASSET-BACKED SECURITIES MARKET

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                    [ArticleID] => 141672
                    [Title] => DOF pushes tax breaks in transfer of securities-backed assets to SPVs
                    [Summary] => The Deparment of Finance (DOF) is supporting proposals in Congress to eliminate transaction taxes in the transfer of securities-backed assets to special purpose vehicles (SPVs) or asset management companies (AMCs) that will market foreclosed assets to new investors.


The proposed tax exemptions are one of the critical features of House Bill 2759 entitled An Act to Establish the Legal and Regulatory Framework for Securitization and the Development of an Asset-Backed Securities Market authored by Speaker Jose de Venecia.


                    [DatePublished] => 2001-11-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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DOF pushes tax breaks in transfer of securities-backed assets to SPVs

By Rocel Felix | November 28, 2001 - 12:00am

The Deparment of Finance (DOF) is supporting proposals in Congress to eliminate transaction taxes in the transfer of securities-backed assets to special purpose vehicles (SPVs) or asset management companies (AMCs)...

Business