House passes tax bill

Fri Nov 9, 2007

The House of Representatives passed a bill that would raise taxes on hedge funds, by increasing the tax on so-called “carried interest” and by ending the practice of deferring taxes by placing income in offshore funds.

The House Ways and Means Committee proposed the tax hikes as a way to raise some $50 billion over 10 years....

ISSN: 2151-1845 / CDC10004H

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