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Saturday, November 21, 
3:34 pm

Entries tagged "taxes"

Congress prepares 100% taxes for AIG

As the bonus uproar grows, Congress threatens to tax the money back from AIG employees.


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.


UBS picks its battles

You have to pick your battles, especially if you're Sfr60 million in the hole to the Swiss government.


Obama economic adviser bitten by tax bug

Do President Obama's nominees need a lesson in how to use Turbo Tax? Or maybe they need to hire an accountant. Out of three nominees, two have withdrawn because of tax problems.


M&A Outlook 2009: Grant Thornton's Schwartz on Obama's stimulus package

Mel Schwartz, senior partner at Grant Thornton LLP, was a panelist at The Deal's M&A Outlook 2009 conference. In this clip, he speaks about President-elect Barack Obama's proposed stimulus package and its impact upon the tax system. "The open question is whether the other well-discussed piece from the campaign, which is the increase in both the dividend and the capital gains right, as well as the rate on the highest rate applicable to ordinary income individuals, will go up at the same time," he said. See the video after the break or download it on iTunes. - Maria Woehr...


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. ...


Grant Thornton's Mel Schwartz on Obama's tax outlook

Mel Schwartz, a senior partner at Grant Thornton LLP, shared his thoughts on what kind of tax situation dealmakers should expect to see in 2009 and beyond at The Deal's M&A Outlook 2009 conference. "Taxes having been such a vocal part of the presidential campaign was both good and bad," Schwartz commented. ...


Shanghai changes tax rules for foreign PE firms

Hoping to draw more overseas capital into the city, Shanghai is changing its laws and allowing foreign investors -- including hedge funds, private equity and venture capital firms -- to register as local equities....


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....


Hedge funds dodge Democratic tax increase

Hedge fund managers can take a big sigh of relief, but watch out for 2009. Legislation that would have eliminated a tax provision allowing some hedge fund managers to defer taxes on billions of dollars of compensation came close to passing the Senate Tuesday, but in the end it was blocked....


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...



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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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Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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