April 8, 2009
Legislation Introduced to Eliminate Carried Interest “Loophole”
As we are all well aware, the partnership structure of hedge funds allows the management companies of these funds to receive an “allocation” of the fund’s income. Under general partnership taxation principles, this allocation is taxed to the management company (and the other investors in the hedge fund) according [...]
Read the full article →
February 23, 2009
Obama to Propos Taxing Hedge Fund Carried Interest
Groups such as the New York Times and Daily Finance are reporting that Obama’s proposed fiscal 2010 budget, which will be released tomorrow, will include provisions which will increase taxes for hedge fund managers (and private equity fund managers). Such a provision would likely be written to provide [...]
Read the full article →
