Feb. 8 at 10:15 a.m.
Filed under:
Government,
Taxes
By Dow Jones Newswires
Senate Finance Committee Chairman Max Baucus (D-Mont.) said he plans a series of hearings to lay the groundwork for a tax code overhaul.
A Senate aide said Baucus has tentatively blocked off every Tuesday the Senate is in session in March and April, for the hearings. Get the full story »
Sep. 9, 2010 at 10:38 a.m.
Filed under:
Government,
Private equity,
Taxes
By Dow Jones Newswires
U.S. private-equity kingpins are likely to be hit with a second giant tax increase next year, the New York Post reported Thursday.
It looks like the bosses will have to dig deeper because a key ally on Capitol Hill — a lawmaker who has blocked three attempts to raise the income tax paid by buyout firms — was set to favor the so-called Enterprise Value Tax. It would more than double the tax bite when moguls cash out of their private equity firms, several sources told the Post. Get the full story »