Short Sellers Take Fight Against Chinese Companies to the Big Screen

Deep-pocketed U.S. investors trying to expose fraud they allege among companies in mainland China have found a new way to promote their cause: a feature film. [ Steven Russolillo and Vipal Monga| September 10, 2017 | The Wall Street Journal] A documentary called “The China Hustle” premiered Friday at the Toronto International Film Festival. The 84-minute film features prominent…

Time to Close the Foreign Investors Tax Loophole

Congress will put together a tax reform bill with the goal of eliminating tax loopholes, simplifying the tax system and reducing tax rates.  One loophole that they should eliminate is the most self-destructive tax loophole ever enacted, the Foreign Investors Tax Loophole [Sections §871(h,i,k) and §881(c,d,e) of the Internal Revenue Service code]. Enacted in 1984, it lets…