Breakingviews

Official attention will make or break bitcoin

March 31, 2014

Scrutiny from tax authorities and regulators may deter off-the-grid types who like the digital money for its anonymity. Yet interest from investors and even creators of derivatives could start drawing bitcoin into the mainstream. Either way, its days in the shadows are over.

U.S. buyout barons have new tax-dodge rivals: MLPs

February 27, 2013

The low tax rates on LBO bosses’ so-called carried interests save them $1.3 bln a year, an advantage critics want wiped out. But new data show investors in energy partnerships are now costing Uncle Sam a similar amount thanks to an outdated perk. Both loopholes should be closed.

Buyout bosses lose another layer of their mystique

September 5, 2012

New York is probing a complex technique used by private equity to pay less tax on fee income. Even if legal, it’s more engineering. And it’s mainly aimed at enriching fund firms and their people, not investors. It makes claims of investing and management mojo less convincing.