Former Federal Reserve chairman Alan Greenspan told the 2017 CFOs and COOs Forum that repeal of the Dodd-Frank repeal by the Trump administration would be ‘nearly impossible’.
Industry players say the Inflation Reduction Act’s environmentally friendly energy breaks will drive investments and returns, especially for newer-vintage funds.
Amid increasing scrutiny into private funds’ tax operations by regulators, lawyers share their advice to managers navigating the ever-changing environment.
The transformation of tax functions will be a crucial discussion for investment management firms in a rapidly changing economic landscape, write Deloitte Tax specialists James Casey, Greg Drudy and Doug Puckett.
GPs may be willing to invest in technology to meet transparency demands from LPs and regulators, but they need solutions that use that data for more than just reporting, say RSM’s Scott Helberg and Christa Clark.
Earlier efforts to reform carried interest taxation had stalled, before US Senator Joe Manchin announced on Wednesday that he and Senate Majority Leader Chuck Schumer had worked out a deal.