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U.S. Taxation of Carried Interest

Volume 2 No 7   /   Read Article

By Nina Krauthamer, Philip R. Hirschfeld, and Kenneth Lobo
Favorable long-term capital gains tax treatment for managers of hedge funds has been under attack by the Obama Administration. While the industry defended itself from outright changes to favorable tax treatment, the I.R.S. recently proposed to disallow favorable treatment where a manager’s right to payments bears no entrepreneurial risk. Nina Krauthamer, Philip R. Hirschfeld, and Kenneth Lobo explain.  See more →