UPDATE 1-U.S. senators eye private equity taxes, Blackstone

(Reuters) - WASHINGTON, June 14 - Two U.S. senators
introduced legislation on Thursday to change the tax code for
private equity firms and said the proposed initial public
offering of private equity firm Blackstone Group LP [BG.UL]
raises "serious tax questions."




Montana Democrat Max Baucus and Iowa Republican Charles
Grassley said they introduced a bill "that would tax as
corporations all publicly traded partnerships that directly or
indirectly derive income from investment adviser or asset
management services."


Read more at Reuters.com Government Filings News