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Stock impact report

Statement Re US Budget Reconciliation Bill [Yahoo! Finance]

Burford Capital Limited Ordinary Shares (BUR) 
US:NASDAQ Investor Relations: burcon.ca/investors/corporate_factsheet.php
Company Research Source: Yahoo! Finance
issues the following statement in connection with proposed tax provisions relating to litigation finance included within the US Senate's draft of the budget reconciliation bill as released late yesterday. As has been widely reported, the US Congress is wrestling with a wide-ranging budget reconciliation process – "the One Big Beautiful Bill". The US House of Representatives has passed one version of a bill, totaling more than 1,000 pages. The US Senate released the proposed text of the tax-related provisions of its version late yesterday, which has not yet been reviewed for compliance with the Senate's reconciliation procedure nor been subject to a vote. The tax provisions alone in the proposed Senate bill run to 549 pages; the entire Senate version of the bill is similarly over 1,000 pages. The House version of the bill as passed makes no reference to litigation finance, while the Senate draft version includes a provision that aims to increase the statutory tax rate on litigation Show less Read more
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