KRWG.ORG-The Region's Home Page
Mon September 3, 2012
Originally published on Mon September 3, 2012 5:03 am
At least a dozen private equity firms are being investigated over their use of a questionable tax strategy, according to The New York Times. The state's attorney general is looking into whether the firms converted fees for managing funds into investment income — allowing it to be taxed at a much lower rate.