Changes introduced by the Biden administration on capital gains rates are expected to hit structured products investors and potentially change the market landscape.

The taxation of structured products in the US is a grey area as the products themselves are generally a hybrid of debt and equity. SRP caught up with partner at law firm Davis Polk & Wardwell Chris Schell (pictured) to discuss the trends in US taxation of structured products. Schell discusses the hiccups associated with taxing investors of such niche instruments as well as its future scope. Proposals for such products have been in the works for many years and have the potential to change

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