The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
The stars may finally align against buyout-baron taxes. A group of self-proclaimed “patriotic millionaires” wants to end a provision that allows private-equity partners to pay lower taxes on their investment profit. The two U.S. presidential candidates back the idea, too.
from Expert Zone:
(Any opinions expressed here are those of the author and not of Thomson Reuters)
The wild gyrations in the stock market on Budget day were due to initial disapproval over inadequate measures taken to recapitalise banks and the seemingly unfair corporate tax treatment for large firms that form the bulk of market capitalisation.