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IRS takes a tougher tack on private equity fees

Oct 23, 2015 - The Deal Pipeline

As the 2016 presidential election heats up, some candidates from both parties have pledged to raise taxes on private equity managers. However, behind the scenes, the Internal Revenue Service already is quietly taking steps to rein in private equity manager income. The IRS move would not have the dramatic taxation shift a number of candidates on the left and right urge - the presidential hopefuls want the profits received by fund managers to be treated at the ordinary income rate, currentl...