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Should credit unions be taxed? New report questions tax-exempt status.

Publication: Westchester County Business Journal
Publication Date: 26-SEP-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Should credit unions be taxed? New report questions tax-exempt status.(Focus: BANKING and FINANCE)

Article Excerpt
The Independent Community Bankers of America (ICBA) in Washington, D.C., said it applauds a new research by the Congressional Research Service (CRS) that questions the ongoing tax-exempt status of credit unions.

The CRS report, "Should Credit Unions Be Taxed?" said: "Over the past 30 years, most of the distinctions between credit unions and other depository institutions have been eliminated or reduced because of deregulation;...

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