Thursday, September 6, 2007
The House Ways & Means Committee is holding hearings today starting at 10:00 a.m. on the taxation of private equity and hedge fund adviser compensation. The meetings will be simulcast on the web live.
In advance of the hearing, the Joint Committee on Taxation has released Present Law and Analysis Relating to Tax Treatment of Partnership Carried Interests and Related Issues:
Despite the long title, it is a fascinating look at the state and business of private equity and hedge funds. In any event, the hearings show that the issue of fund taxation continues to have momentum.