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.