Senate evaluates taxes of private equity, hedge fund managers

Senate evaluates taxes of private equity, hedge fund managers

The Senate Finance Committee is reviewing the tax structures for private-equity partners and hedge fund managers in an effort to quell tax avoidance. According to a senior aide, "we are looking into instances where funds may be using tax strategies to convert what would be income into capital gains for tax advantage."

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tax, hedge fund, account managers, investments, risk, compliance, IRS, tax law

House prepares small-business tax plan

House prepares small-business tax plan

House Democrats are expected to introduce a $1 billion small-business tax break package that will accompany the recent minimum-wage increase. The package, which is substantially smaller than the Senate's proposed $8 billion tax cut, calls for revenue increases to offset the tax breaks and is expected to go to the House Ways and Means Committee.

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small business, tax, congress, tax law