"Calls to tax the world’s richest people are now focusing on another target: the world’s wealthiest private equity firms.
The largest PE firms in the world have avoided paying income taxes on more than $1 trillion of incentive fees since 2000 alone, according to new research from Oxford University, by making payments in a structure that subjects them to a much lower tax.
Private equity firms now control one-fifth of the U.S market, and can be an important source of foreign capital, but are now the target of politicians calling for crackdowns as governments in need of more revenue are looking for sources to pull from."
https://fortune.com/2024/06/13/private-equity-firms-tax-loophole-carried-interest/
Haderach C. Kwisatch /
npub176…7zcvr
2024-08-30 04:10:27
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wss://relay.momostr.pinkPublished at
2024-08-30 04:10:27Event JSON
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"content": "\"Calls to tax the world’s richest people are now focusing on another target: the world’s wealthiest private equity firms. \n\nThe largest PE firms in the world have avoided paying income taxes on more than $1 trillion of incentive fees since 2000 alone, according to new research from Oxford University, by making payments in a structure that subjects them to a much lower tax. \n\nPrivate equity firms now control one-fifth of the U.S market, and can be an important source of foreign capital, but are now the target of politicians calling for crackdowns as governments in need of more revenue are looking for sources to pull from.\"\nhttps://fortune.com/2024/06/13/private-equity-firms-tax-loophole-carried-interest/",
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