PE Group Defends Tax Perks For Corporate Debt

Law360, New York (May 8, 2012, 8:00 PM EDT) -- In the opening salvo of what is likely to be a contentious election-year debate, a private equity industry group on Tuesday warned that ending tax perks for corporate debt could hurt the economic recovery.

Limiting the tax deductibility of corporate interest payments — a move supported by President Barack Obama — would make debt financing more expensive for businesses and hamper economic growth, according to a report prepared by Ernst & Young LLP and released by the Private Equity Growth Capital Council, whose members include TPG...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.