The Carried Interest Loophole Survives Another Political Battle
The latest effort to narrow the preferential tax treatment used by private equity executives failed after Senator Kyrsten Sinema objected.
The latest effort to narrow the preferential tax treatment used by private equity executives failed after Senator Kyrsten Sinema objected.
Changes demanded by Senator Kyrsten Sinema will preserve a tax loophole that Democrats have complained about for years.
The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance.
