Page 11 - எடுத்துச் செல்லப்பட்டது ஆர்வம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) Three House Democrats are pushing legislation that would repeal the carried-interest tax break used by fund managers to reduce the levies they owe to the Internal Revenue Service.The bill would close the carried-interest tax break and require many hedge-fund and private-equity managers to pay higher ordinary income-tax rates, rather than the lower rates on capital gains. Representatives Bill Pascrell of New Jersey, Andy Levin of Michigan and Katie Porter of California are sponsoring the legislation, which could become part of broader talks on taxes in Congress in the coming months.“The ability of private-equity and hedge-fund financiers to use the loophole impacts income inequality, as this tiny subset of executives make up some of the wealthiest citizens in the world,” the lawmakers said in a statement on Tuesday.The legislation would mean that investment fund managers could pay significantly higher tax rates, because they wouldn’t be able to classif

Carried interestFund managersInternal revenue serviceHouse democratsTax breakTax ratesBill pascrellPrivate equityInvestment fundCapital gainsஎடுத்துச் செல்லப்பட்டது ஆர்வம்நிதி மேலாளர்கள்உள் வருவாய் சேவைவீடு ஜனநாயகவாதிகள்வரி உடைக்கவரி ரேட்ஸ்