U.K. elections could mean a big tax bill for private equity

Labour Party leaders have pledged to eliminate the favorable tax treatment of carried interest.

expected to barbecueLabour Party leaders have pledged to eliminate the favorable tax treatment of carried interest, thus raising the figure to 45% from 28%.

In short, they argue that carried interest is a fee for service rather than a capital gain, since the PE executives themselves don't put money at risk

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