(Reuters) - The leaders of the Senate Finance Committee last week introduced bipartisan legislation that would sharply raise the taxes for private equity firms that go public, as industry giant Blackstone Group LP proposes to do.
But lobbyists and lawyers in the industry said they also expect an eventual attempt in Congress to raise taxes on all private equity firms, not just those going public, by redefining "carried interest" -- the 20 percent cut of profits normally kept by the firms from sales of companies.
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But lobbyists and lawyers in the industry said they also expect an eventual attempt in Congress to raise taxes on all private equity firms, not just those going public, by redefining "carried interest" -- the 20 percent cut of profits normally kept by the firms from sales of companies.
Read more at Reuters.com Bonds News
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