Deconstructing the tax debate

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Who cares about carried interest? Offshore deferral is a bigger issue for most hedge funds - and is much more likely to get the ax

Who cares about carried interest? Offshore deferral is a bigger issue for most hedge funds - and is much more likely to get the ax

By Michelle Celarier

When Senator Hillary Clinton met with a group of hedge fund donors earlier this year, she expected to be barraged by complaints about proposed tax hikes on hedge funds - hikes that have been endorsed by most of the Democratic presidential hopefuls, including herself. "I suppose you want to talk about carried interest," Clinton said, referring to the proposal to eliminate capital gains