Abstract
The Independent Community Bankers of America, by letters to the Senate Finance and House Ways and Means Committees, dated March 23, called attention to an “emerging trend and abuse of the tax code,” in the form of a “surge” in purchases of community banks by tax‐exempt credit unions. The ICBA portrayed these transactions as a leveraging of tax exemption to “gain an advantage in the acquisitions marketplace” and a “flout[ing] of the original purpose of the tax exemption.”
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
