Will tax case force Vanguard to raise fees? - 09/28/2015

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.

Share Feedback Post on LinkedIn Share Article

Most Read

A Seat at the Table
Cooking, breaking bread builds Heartland Funds board-advisor relations

Members of the Heartland Funds board and Heartland Advisors management team spent a recent evening together sharing a meal. Of course it's not unusual for independent ...

Top of the Agenda - Compensation
Fund directors earned more in 2024, MPI survey finds

Average compensation among mutual fund independent directors was higher in 2024, when compared to the year prior, an increase that was more than double what their ...

Viewpoints
Sub-Adviser AI Oversight: Focus on what matters

Comprehensive guidance on the oversight of sub-advisers that exists in the market has served mutual fund boards well for over 15 years. These frameworks remain foundational, ...

10 Things
10 Things...to know about the ETF share class

Independent directors who anticipate overseeing exchange-traded fund share classes are contemplating myriad issues related to what many industry participants believe will be a seismic shift in ...