Private equity tax grab could raise nearly £1bn, study finds Investing Bringing the tax on profits earned by private equity bosses in line with income tax could raise up to £1bn, a fresh study from a respected think tank has found. Researchers from the Centre for the Analysis of Taxation’s (CenTax) estimate that taxing carried interest – often referred to as ‘carry’ – at the same [...]
Rachel Reeves’ carry tax hikes are sensible, says private equity boss Markets Rachel Reeves’ plans to tax private equity partners more onerously are sensible and concerns about them triggering an exodus of dealmakers from London have been overdone, a private equity boss has said. Rami Cassis, chief executive and founder of private equity boutique Parabellum, threw his weight behind the chancellor’s plans to bring carried interest – [...]
‘Bag ready’ private equity execs more worried about Reeves’ carry policy than Corbyn Tax Private equity execs are "bag ready" to leave the UK to avoid Labour's carried interest policy, with some City lawyers giving more legal advice than then when Corbyn was leader, leading industry figures and advisers have said.