Private Equity Lobbies Against Taxes

The chief trade group for private equity firms has spent $740,000 in the first quarter of 2008 lobbying against proposals that raise taxes on buyout firms and executives.

The group, Private Equity Council, includes major private equity players: Blackstone Group, LP, the Carlyle Group, TPG Capital and Bain Capital Partners. The group worked to prevent legislation that would change taxes on private equity partnerships. Private equity and hedge fund groups worked together to stop another proposal that would raise taxes on the share of investment profits received by managers to as high as 35 percent. (Source: Forbes)

Link to This Resource: Private Equity Lobbies Against Taxes

http://privateequityblogger.com/2008/06/private-equity-lobbies-against-taxes.html