In an interview before the Super Bowl, President Obama took
a jab at hedge funds and private equity firms across the country, saying that
he would finally take on "carried interest" tax, Reuters reports.
There were whispers about the Obama administration tackling
carried interest after the election, but it wasn't until last night that we
heard anything specific from the President. Wall Street loves the rule because
it allows hedge funds and private equity firms to pay tax on a substantial
chunk of their income at a discounted rate — 20%.
Read more:
http://www.businessinsider.com/obama-to-tackle-carried-interest-2013-2#ixzz2Jx0uUrfd
No comments:
Post a Comment