Trump plan would aid Wall Street despite end of carried interest

Trump plan would aid Wall Street despite end of carried interest
 

Republican presidential candidate Donald Trump in Sunday's debate reiterated his promise to kill the "carried interest" tax loophole that benefits hedge fund managers and others - but his tax plan offers other goodies to Wall Street financiers, a nonpartisan tax research group said on Tuesday.
Trump and Democratic rival Hillary Clinton's tax plans, which differ greatly, were compared side-by-side in reports by the Tax Policy Centre which focused on carried interest.
The loophole allows financial managers at private equity, hedge fund and other qualifying firms to pay the tax rate... read more

 
11 October 2016 in Business, Views: 35
Source: Reuters
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