Budget & Taxes
NY Lawmakers Seek to Close ‘Carried Interest Loophole’
A pair of Democratic New York state assemblymen - Sean Ryan and Jeffrion L. Aubry - introduced a bill this month (AB 9459) that would raise state income taxes...
The Economic View in Sunday's New York Times by Harvard economics professor N. Gregory Mankiw ( Capital Gains, Ordinary Income and Shades of Gray ) defending special tax rates for carried interest brought to mind the old joke about a tourist asking...
Recently I mentioned on this blog that the Carried Interest legislation is resurfacing again courtesy of Obama's efforts and the American Jobs Act of 2011. In my post I reasoned that, well, this time the effort may have some legs considering the economic...
If enacted, H.R. 4213 (The American Jobs and Closing Tax Loopholes Act of 2010), will likely cause managers in private equity, venture capital, real estate, and hedge funds to be in a significantly deteriorated tax posture as compared to the status quo...
By Kevin J. Feeley , Gary C. Karch and Patrick J. McCurry This newsletter summarizes the Obama administration's recent carried interest tax provision.
The provision is not expected to be enacted soon, but the proposal
contains drafting changes...
managers may be in good shape for 2010 ... although nothing is certain. On March
18, 2010, President Obama signed into law the Hiring Incentives to Restore
Employment (HIRE) Act which, aside from providing businesses tax incentives to
There [was] no resolution [last] week with respect to the proposed legislation providing for a portion of carried interest to be taxed at ordinary income tax rates. The carried interest legislation was proposed in the tax extender's bill (H.R. 4213...