Senate Finance Committee Chairman Wyden, Sen. King Introduce Bill to Close Major Tax Loophole Involving High-Value Trusts
March 21, 2024
March 21, 2024
WASHINGTON, March 21 -- Sen. Ron Wyden, D-Oregon, chairman of the Senate Finance Committee, issued the following news release on March 20, 2024:
Senate Finance Committee Chair Ron Wyden, D-Ore., and Senator Angus King, I-Maine, introduced legislation today that would crack down on schemes involving the abuse of certain high-value trusts by ultra-wealthy individuals to avoid income, gift and estate taxes. The Getting Rid of Abusive Trusts Act would close a loophole and modify rules d . . .
Senate Finance Committee Chair Ron Wyden, D-Ore., and Senator Angus King, I-Maine, introduced legislation today that would crack down on schemes involving the abuse of certain high-value trusts by ultra-wealthy individuals to avoid income, gift and estate taxes. The Getting Rid of Abusive Trusts Act would close a loophole and modify rules d . . .