August 23, 2007

Write-Offs

By Peter Panepento

  • Congress could soon create a commission to study the tax laws that govern hedge funds and private equity. Senate Finance Committee aides have already been looking at the structure of offshore hedge-fund investments by major universities such as Harvard, Stanford, and Yale. Under current laws, institutions are able to use so-called blocker companies overseas to convert taxable profit from hedge funds into dividends, which are not taxed.
  • The National Committee for Responsive

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