All Articles Tagged "carried interest"
Calling the Carried Interest Bluff
(Inc) – The National Venture Capital Association just released a report suggesting that the business of investing money in fast-growing start-ups is on the ropes: The uncertainty and potential impact around many of the policies that have been discussed in Congress in recent months has contributed to an investment climate that is viewed as increasingly unfavorable by a majority of the venture capital industry. This course must change if we wish to remain competitive with other nations over the long term.
Johnson Opposes Tax Increase On Carried Interest
(The Hill) — Robert Johnson, founder of Black Entertainment Television, on Tuesday said a tax increase on carried interest that is included in pending legislation extending several measures, will be detrimental to minority-owned businesses. “In my opinion, this legislation would cause a rapid decline in minority private equity firms and possibly eliminate minority participation in this important financial sector of the American economy,” he said in prepared remarks. “Minority firms have difficult challenges in attracting fund investors and an even more difficult time attracting top managerial talent. If this legislation is approved, it will become even more daunting for minority firms.”
Johnson Opposes Tax Increase On Carried Interest
(The Hill) — Robert Johnson, founder of Black Entertainment Television, on Tuesday said a tax increase on carried interest that is included in pending legislation extending several measures, will be detrimental to minority-owned businesses. “In my opinion, this legislation would cause a rapid decline in minority private equity firms and possibly eliminate minority participation in this important financial sector of the American economy,” he said in prepared remarks. “Minority firms have difficult challenges in attracting fund investors and an even more difficult time attracting top managerial talent. If this legislation is approved, it will become even more daunting for minority firms.”
In Defense of Carried Interest
(New York Times) — Sometimes, basic common sense can get lost in heated political rhetoric. So can consistency. That has clearly happened in the Congressional debate over whether or not to change the tax treatment on limited partnerships’ carried interest from the capital gains rate to higher ordinary income tax rates. Details of a House bill to raise carried interest taxes were released on Thursday. All the bluster about how it is unfair to give an advantage to this type of income while hard-working Americans pay higher rates has obfuscated how many hard-working Americans benefit in the same way today.
