(CNBC) Treasury Secretary Steven Mnuchin has made one thing clear when it comes to the way hedge fund managers get paid: a big tax loophole will disappear. He reiterated as much last month but hinted that it’s less certain what will happen to private equity, venture capital and real estate fund managers regarding the same loophole. The issue has to do with something called carried interest, which is the manager’s share of a fund’s profit, typically around 20 percent a year. The lower capital gains tax rate applies to profit from investments held for more than one year.
Hedge Funds May Lose This Tax Loophole, But They Don’t Care
This entry was posted in Syndicated. Bookmark the permalink.