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...
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