BizAnalyst Network

Monday, March 12, 2007

Senate evaluates taxes of private equity, hedge fund managers

Senate evaluates taxes of private equity, hedge fund managers

The 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."

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tax, hedge fund, account managers, investments, risk, compliance, IRS, tax law

Labels: account managers, compliance, hedge fund, investments, IRS, risk, tax, tax law

Friday, March 09, 2007

Plan to close "tax gap" may force brokers to report what investors pay

Plan to close "tax gap" may force brokers to report what investors pay

Brokers, mutual funds and others in the financial services industry may soon be required to tell the IRS the original price that investors pay for securities. A bipartisan group of legislators is backing a plan to close the "tax gap" by making it harder for taxpayers to understate their capital gains.

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tax, IT, regulation, tax gap, regulatory reporting

Labels: IT, regulation, regulatory reporting, tax, tax gap