Bill Takes Aim At Private Equity IPOs
The legislation, introduced on Thursday by Senators Max Baucus (D-Mont.) and Chuck Grassley (R-Iowa), would eliminate a tax loophole that allows limited partnerships to pay a 15% tax rate on capital gains, as opposed to the 35% paid by corporations.
“The nature of investment vehicles is changing right before our eyes, and the tax code must keep up with the...
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