TITLE

The Philadelphia Inquirer

AUTHOR(S)
Budowsky, Brent
PUB. DATE
September 2007
SOURCE
Hill;9/20/2007, Vol. 14 Issue 108, p20
SOURCE TYPE
Newspaper
DOC. TYPE
Editorial
ABSTRACT
The article reflects on the planned imposition of taxes, similar to those of income tax rates, to managers of private equity funds in the U.S. It notes that such unfair tax code must be dismissed by the Congress. It likewise claims that the proposed scheme is taxing managers as if they had invested a stake in their funds. Moreover, it notes that the higher tax rates for fund managers may harm ordinary investors like those enrolled in employee pension plans.
ACCESSION #
26746287

 

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