August 21, 2008
Hedge-Fund Managers Could Get Giving Incentive
Tax bills proposed in both the House and Senate would give hedge-fund managers a generous new tax deduction for charitable donations as a way to promote philanthropy. Hedge funds use a wide range of investments to protect or hedge against a range of changing market conditions.
Under the proposed bills (called "extenders" because they would extend various tax provisions), hedge-fund managers would be allowed to receive a full tax write-off for every dollar they donate to
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