Senate evaluates taxes of private equity, hedge fund managers
Senate evaluates taxes of private equity, hedge fund managersThe Senate Finance Committee is reviewing the tax structures for private-equity partners and hedge fund managers in an effort to quell tax avoidance. According to a senior aide, "we are looking into instances where funds may be using tax strategies to convert what would be income into capital gains for tax advantage."
Full story tax, hedge fund, account managers, investments, risk, compliance, IRS, tax lawLabels: account managers, compliance, hedge fund, investments, IRS, risk, tax, tax law
Congressional hearing likely to lead to new rules on 401(k) fees
Congressional hearing likely to lead to new rules on 401(k) feesCongress began hearings into the 401(k) industry as Democrats issued a call for more transparency in the fees charged in the retirement plans. "We have to ask whether all these fees are necessary and we have to examine whether they are undermining workers' retirement security," said Rep. George Miller, a Democrat from California and chairman of the House Education and Labor Committee. "There's a lot of people who are putting their hands into that money." Miller also said it was a "fair assumption" the committee would create legislation to force more disclosure.
Read this articleretirement, 401k, fees, investments, SEC
Labels: 401k, fees, investments, retirement, SEC
