Congress delves into taxes on hedge funds, private equity

Congressional hearings held last month addressed the contentious issue of taxes paid by managers of hedge funds and private equity funds.
OCT 02, 2007
Congressional hearings held last month addressed the contentious issue of taxes paid by managers of hedge funds and private equity funds. Several pending bills take aim at such funds: S 1624 would eliminate favorable tax treatment for firms that derive income from providing investment adviser and related asset management services; HR 2785 and HR 2834 take on similar tax treatment of such firms. For details of the measures, visit thomas.loc.gov. For details of the House hearing, visit Ways and Means Committee’s site. The Senate hearing information is available at the Senate Finance Committee’s site.

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