Jennifer Harris

Will more capital calls mean more LP defaults this year?

The House of Representatives will consider treating three-fourths of a GP’s carried interest as ordinary income, with the remaining one-fourth left at a lower capital-gains rate.

US House proposes bill that would tax 75% of carry as ordinary income 2010-05-21 Jennifer Harris <DIV>US Senator Max Baucus and Representative Sander Levin have introduced today a new legislative measure to a larger jobs bill being considered in the House of Representatives this week that would increas

The Council of Ministers and the ECON Committee have approved versions of the directive, but crucial differences remain in regards to the ‘third country’ rules.

The Council of Ministers and the ECON Committee have approved versions of the directive, but crucial differences remain in regards to the ‘third country’ rules. The latter group's version also includes a clause that could block LBOs.

Another week, another crucial AIFM Directive vote delayed. Adding to GPs’ anxiety is the fact that the longer the process drags on, the more unfavourable amendments seem to be added to the bill, such as one apparently banning ‘asset-stripping’

It’s still unclear whether carried interest would be affected by a proposal to raise the tax rate on capital gains from 'non-business assets' to 40%.

It’s still unclear whether carried interest would be affected by a proposal to raise the tax rate on capital gains from “non-business assets” to 40%.

The EU Parliament’s Economic and Monetary Affairs Committee was scheduled to vote on a final version of the controversial AIFM Directive, but the vote was delayed one week for procedural reasons.

Former US Treasury Secretary Henry Paulson does not support the Volcker rule, nor does he believe it would have saved any failed banks during the financial crisis.