Share on Facebook Share on Twitter Share on LinkedIn Email a link to a friend

In the Margins

Will tax case force Vanguard to raise fees?

September 28, 2015

By Reuters

Vanguard Group could be forced to raise its fees to cover new tax payments, University of Michigan law professor Reuven Avi-Yonah told Reuters. Avi-Yonah, hired as a tax expert for a plaintiff in a lawsuit against Vanguard, estimated tax authorities could claim the firm has an unmet liability of $35 billion from 2007 to 2014. Former Vanguard attorney David Danon has accused the firm of short-changing tax authorities by not charging funds the full price of its services. Read the original story from Reuters.

 

 

Most Read

Top of the Agenda - Industry Groups
MFDF's Susan Wyderko to retire in 2020

Susan Wyderko will retire from her position as president and CEO of Mutual Fund Directors Forum in the fall of 2020. When she steps down next ...
Top of the Agenda - Governance
Fund industry 'pioneer' Dorothy Berry dies

Long-serving independent director Dorothy Berry has died at 75. She was independent chair of Professionally Managed Portfolios and an independent director of PNC Funds who served ...