Trump to end carried interest 'loophole' while lowering rate for S corp income to 15%?
- Trump's administration may not actually go through with ending carried interest taxation, but it sounds like it's still a distinct possibility based on today's WSJ article (can't link it in this post).
- Last week the administration also proposed a 15% tax rate for S corp (pass-through corporation) income.
What are the implications for HF's and PE funds of the administration passing both #1 and #2? Could PE partnerships restructure as S corps? Would publicly traded GP's be affected by these changes?
Source: WSJ article "White House Aide Revives Pledge to Curb Private-Equity Tax Break, Though Impact Unclear"
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