Private Equity: Carried Interest / State Tax Perspective
7/30/2010
Private Equity Funds Carried Interest
Congress is closer than ever to shifting the treatment of a substantial portion of private equity and hedge fund carried interests from capital gains to ordinary income. However, as detailed in this newsletter, there may be strategies that might reduce the impact of this change.
Taxing Times – A State Perspective
While the economy is gaining strength, from a state tax budget perspective, the future is not as optimistic and many states will continue to operate at a deficit in the foreseeable future. For portfolio companies doing business in a variety of states, this has a profound impact on operations, and ultimately, earnings and rate of return.
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