Municipal Bond Taxation Litigation
Donaldson Guin’s cases challenging the practice of taxing interest on out-of-state municipal bonds has generated considerable ink in the financial press. In a September 8, 2006 article in Bloomberg.com, entitled “Kentucky Bond Appeal May Transform Municipal Market” Bloomberg’s Joe Mysak, quoting Oppehheimer Fund’s Ron Fielding, called the case “a big, big deal” and stated that the Kentucky litigation could result in the “transformation of the entire municipal bond market, from one that is fragmented and regional to one that is national and consistent…” Other articles about the Kentucky decision in the national financial press included an article in the September 6, 2006 edition of the Wall Street Journal (page D2) entitled “Kentucky Muni-Bond Case May Have Broad Reach.”
