(Reuters) As a candidate, U.S. President Donald Trump promised to close the “carried interest” tax break that benefits some of Wall Street’s wealthiest financiers – but the Republican tax bill released on Thursday makes no mention of it. Carried interest is a share of an investment fund’s profits – typically about 20 percent beyond the return guaranteed to investors – that is paid out to the general partners of private equity, venture capital, real estate and hedge funds.
Wall St Tax Break Once Blasted by Trump Preserved in Republican Bill
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