The House passed a bill on Friday that would end a tax break for executives of investment funds, leaving hedge funds, private equity firms and venture capitalists scrambling to ease the effects of the bill before it is taken up by the Senate next month.
Wall Street's largest dealers eased credit terms during the spring to hedge funds and private equity firms that borrow against securities and trade over-the-counter derivatives, the Federal Reserve reports. Read Post
Executives at private equity firms, venture capital firms and hedge funds will pay an estimated $24 billion more in taxes over nine years under President Obama's budget blueprint. The Obama administration proposes raising taxes on t... Read Post