New U.S. tax panel head targets hedge fund taxes
Friday, March 5, 2010 : PermalinkReuters – Representative Sander Levin will take over the Ways and Means tax-writing panel in the U.S. House of Representatives pending the outcome of ethics probes against fellow Democrat Charles Rangel.
Levin may be best known on Wall Street for championing a bill to change the tax treatment for hedge and private equity fund advisers, taxing so-called carried interest as ordinary income.
