Taxation

Embedding the tax services with the fund administrator can deliver real benefits to GPs, argues Kevin Zeman, the head of Gen II Tax Services.

In the wake of recent tax reforms, GPs will be well-suited to gift carried interest as part of their estate planning, provided they follow best practices, according to Meghan Kinsella, director of financial sponsors at Northern Trust Institute.

Sponsors heavily rely on outsourcing for help, with varying preferences for support.

The fight over how to tax carried interest is back in full swing, as President Trump on Thursday suggested ending the current treatment, which taxes carry at 15% instead of at the rate of ordinary income.

The well-funded, broad initiative includes auditing partnerships with more than $10m in assets

The industry has reached a compromise on carried interest, with a tax rate of 32% commencing from April 2025.

Debates on increasing tax on carried interest shouldn’t ignore the wider contribution private equity brings to economies.

Approaching increased LP diligence on tax matters with sensitivity is key, says Proskauer's Catherine Sear.

Firms may have to rethink their operating and accounting models if they want to embrace the potential of private wealth.

Jail time, fines and increasing investigations from the local tax authority – in Germany’s largest state, the private equity industry appears to be in a state of fear when it comes to the issue of tax and offshoring.