(Reuters) - The big private equity firm expressed its concern a day
after the leaders of the Senate Finance Committee proposed a
bill to tax private equity firms that go public like
corporations, potentially more than doubling their effective
tax rate to 35 percent from 15 percent.
Max Baucus, a Montana Democrat and committee chair, and
Iowa's Charles Grassley, the ranking Republican, said buyout
firms and hedge funds circumvent the intent behind U.S. tax law
by going public as partnerships, given that much of their
business comes from financial services and capital markets.
Read more at Reuters.com Government Filings News
after the leaders of the Senate Finance Committee proposed a
bill to tax private equity firms that go public like
corporations, potentially more than doubling their effective
tax rate to 35 percent from 15 percent.
Max Baucus, a Montana Democrat and committee chair, and
Iowa's Charles Grassley, the ranking Republican, said buyout
firms and hedge funds circumvent the intent behind U.S. tax law
by going public as partnerships, given that much of their
business comes from financial services and capital markets.
Read more at Reuters.com Government Filings News
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