Where the US leads…
The Obama Administration’s proposed American Jobs Act may be part-funded by raising the tax rate on carried interest income, or the profits that private equity principals are paid on a successful investment. There have been attempts before in the US to change the taxation of carried interest from capital gain to income, none of which came to pass. More on the latest prospective attempt from the New York Times DealBook.
See also: Mitt Romney and private equity’s image problem
Carried Interest Debate in Spotlight Amid Romney Tax Release – Bloomberg
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