(Reuters) - Republican Rep. Eric Cantor of Virginia is heading a
coalition backed by the financial services, real estate, resort
and energy industries to thwart a U.S. House bill that takes
aim at the 15 percent tax rate now paid by most managers of
private equity funds, hedge funds and other investment
partnerships.
The Coalition for the Freedom of American Investors and
Retirees also opposes a bipartisan Senate bill that would close
a loophole that allows private equity firms to go public as
partnerships without paying corporate taxes.
Read more at Reuters.com Government Filings News
coalition backed by the financial services, real estate, resort
and energy industries to thwart a U.S. House bill that takes
aim at the 15 percent tax rate now paid by most managers of
private equity funds, hedge funds and other investment
partnerships.
The Coalition for the Freedom of American Investors and
Retirees also opposes a bipartisan Senate bill that would close
a loophole that allows private equity firms to go public as
partnerships without paying corporate taxes.
Read more at Reuters.com Government Filings News
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