(The Business Insider) Hedge funds are swarming to take advantage of a loophole in the new tax law, but the Trump administration is attempting to close the loophole.The Republican-led law imposes changes to the carried interest loophole, which allows money managers — like hedge fund and private equity managers — to take a lower tax rate on asset sales compared to the normal income-tax rate.President Donald Trump promised to end the loophole, but the Republican tax law only makes a slight change to the rules.
A Small Loophole in The New GOP Tax Law Could Be a Big Win For Hedge Funds
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