Wild Goose Chase
May 11, 2022
1 minute
Arianna Coghill
Sen. Elizabeth Warren has railed against the excesses of private equity firms, including megadeals that leave companies bankrupt and their workers jobless as fund managers line their pockets with fees and performance called PE’s “golden goose,” asking the Treasury Department and the IRS to crack down on waivers that allow fund managers to pass off their entire compensation as “carried interest,” which is taxed at a far lower rate than ordinary income.
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