Legislative Focus on Closing Litigative Finance Tax Loopholes Aims to Ensure Fairness in Judicial System
The intricacies of litigation finance have prompted recent legislative attention as lawmakers aim to address perceived inequities in the current tax framework that benefits litigation funders. At the heart of the issue lies a tax loophole that allows foreign-based litigation funders to bypass U.S. taxes on their income, while domestic players pay capital gains rates,…