Granted, the article seems aimed more at VC, but does this mean PE carry is going to be taxed as income instead of capital gains as well (at least partially)?
NTY Blog Post: http://nyti.ms/drhMB6
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Absolutely.
http://dealbook.blogs.nytimes.com/2010/05/21/p-e-industry-hits-back-on-…
Although the "PE Industry Hits Back. on Carried Interest Tax.." title is a bit miss leading... I was expecting some bare-fisted resistance.
It should have been called "PE Industry Swats Dainty Limp Wristed Manicured Hands Towards Carried Interest Tax and Says 'Ohhh Stop' with a Fruity Lisp"... perhaps that was too long-winded.
fucking communists....couldn't PE funds just reorganize their partnerships in tax-friendly countries and still buy assets in the US?
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