UBS AMERICAS INC

Proposals to implement a financial transaction tax. Issues related to the taxation of bonds, Net Operating Loss, Base Erosion Anti-Abuse Tax (BEAT), Corporate Alternative Minimum Tax (CAMT), and Donor Advised Funds.

Regulatory Implementation of Dodd-Frank Wall Street Reform Act (including swap rules, capital and other prudential requirements, Volcker Rule and fiduciary standards). Financial regulatory reform legislation. Measures considered by the Securities and Exchange Commission pertaining to market structure issues and fiduciary/best interest standards for brokers. Legislation on industrial loan company charters.

Proposals to implement a financial transaction tax. Issues related to the taxation of bonds, Net Operating Loss, Base-Erosion Anti-Abuse Tax (BEAT), Corporate Alternative Minimum Tax (CAMT), and Donor Advised Funds.