Law360, New York (August 27, 2012, 9:02 PM ET) -- Tax hikes set to go into effect in January are driving an uptick in private equity portfolio sales this fall as firms rush to record profits under lower-tax frameworks and clear out portfolio backlogs, attorneys and middle-market bankers say.
If the Bush-era tax cuts are allowed to expire, taxes on capital gains — the profit from selling an investment — will rise from 15 to 20 percent on Jan. 1. Investment income will see its top federal tax rate bumped from 35 to 39.6 percent. Dividend...
Year-End Tax Hikes Light A Fire Under PE Portfolio Sales
To view the full article, take a free trial now.
