Blackstone To Get Change in Tax Treatment

There is a reason why private equity used to try to stay more or less private...

WASHINGTON -- Senate tax writers Thursday proposed a bill to subject publicly traded partnerships engaged in investment management, such as Blackstone Group and some other private equity and hedge funds, to corporate taxes.

The bill by Senate Finance Committee Chairman Max Baucus (D., Mont.) and Sen. Charles Grassley (R., Iowa) is intended to prevent further corporate tax losses from certain hedge fund and private equity dealings.

From the WSJ

Posted on June 14, 2007 and filed under Finance.