The Deal
Tuesday, November 24, 
4:18 pm

Entries tagged "Carried Interest"

For VCs and buyout pros, the tax man cometh

President Obama's proposed budget socks PE, VCs and hedge funds with a nearly 20% tax hike on carried interest.


Dealmakers discuss a potential carried-interest tax hike in 2009

Mel Schwartz, a senior partner at Grant Thornton LLP, and David Marchick, a managing director at the Carlyle Group, discussed the possibility of taxes on carried interest increasing in 2009 at The Deal's M&A Outlook 2009 conference Wednesday morning. ...


House approves carried interest tax

Hedge fund and buyout shop managers have little to worry about legislation approved Wednesday by the House of Representatives that would more than double the 15% tax rate that they pay on carried interest -- the share of investment profits they retain. At least not yet. ...


New York City enters private equity tax debate

A majority of New York City Council members support a proposal that would tax local buyout firms 35% on their share of profits, according to the Working Families Party, but it stands little chance of passing into law, said Robert Willens, president of tax and accounting law firm Robert Willens LLC....


Congress revisiting carried interest tax hike

Private capital professionals are once again looking down the barrel of higher taxes on carried interest as Congress revisits ways to pay for an end to the Alternative Minimum Tax....


Video: PE Council's Lowenstein on carried interest taxes

The Private Equity Council's president Douglas Lowenstein is on record as saying that he expects taxes on carried interest to go up no matter which party wins the White House in 2008. Indeed, attacks on the tax rate for carried interest have begun well before the budget debate gets started on Capital Hill as evidenced by private equity critic Robert Greenwald's "Larry the Loophole" cartoon. At The Deal's 2007 Private Capital Symposium, Lowenstein explained PEC's plan for combating a carried interest tax hike. Watch a video of the conversation after the jump. - George White...


PE Council's Lowenstein predicts higher taxes for buyout firms

Private equity's general partners are likely staring down the barrel of a tax hike no matter which party wins the U.S. election, Douglas Lowenstein, the president of the Private Equity Council, warned Wednesday. ...



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REIT IPO deja vu

Real estate sponsors that might wish to undertake an IPO will need to consider a wide variety of issues and begin to take action long before the first filing with the SEC.


Industry Insight

Loan-to-buy

Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'


Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.



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