(HITC Business) Hedge fund fees, which were previously taxed as income at rates as high as 45 percent, could be completely exempt from taxation. A hidden beneficiary from the border-adjustment tax could be hedge fund managers, who might see a savings of tens of billions of dollars a year, according to tax experts.
The border tax imposes levies on imports, while exempting exports. It’s meant to help large-scale exporters like Boeing and General Electric.
