Venture Capital Keeps Its Tax Break
Filed in archive Law on October 11, 2007
Forbes is reporting that the U.S. Senate appears to have decided to ignore a proposal to raise taxes on venture capital profits.
A proposal in the House of Representatives would change the rate at which carried interest is taxed. If that proposal became law, most of the profits from venture capital and private equity funds would stop being taxed at the 20% as capital gains and instead be taxed as ordinary income, at rates as high as 35%.
While the proposal has been received well in the House, the Senate doesn't seem interested in the measure. An anonymous blogger at Billions for Billions quotes Senate majority leader Harry Reid (D-NV) as saying that the Senate would "stall" the measure...
Permalink: Venture Capital Keeps Its Tax Break
Tags: taxes carried interest venture capital china venture+capital october+2007
Vote for Venture Capital Keeps Its Tax Break:
|
Rating: 9.50 out of 4 vote(s) cast.
|
| RSS |  |
 | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Follow us on Twitter! |
Most Popular
Agreement
Best of
Blogs
Book review
Commodities
Conferences
Did you know
Entrepreneurship
Incubators and Science Parks
Information Sources
Innovation
Internet
IPOs
Law
M&A
Mergers and Acquisitions
Misc
News
Outsourcing
Policy