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Headline

Private equity: more lawyers in the house

Comment

Carried Interest President Obama intends to tax carried interest received by Private Equity partners as Ordinary Income, rather than the lower Capital Gains rate. This issue was also debated in Parliament back in 2007. Now that counsel also stands to receive "carry", I wonder if it would be treated as part of their ordinary income and taxed as such, or treated as capital gain along with other partners managing the funds. Does the author or anybody know?

Posted date

9-Mar-2009

Posted time

11:42 am

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