Entries tagged "PE 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. ...
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....
Guy Hands, the outspoken head of London private equity shop Terra Firma Capital Partners Ltd., lashed out Wednesday at the U.K. government's controversial flat-rate capital gains tax and its new £30,000 levy on resident foreigners. He said the new taxes may drive some of his staff and his activities offshore. ...
