Friday, July 13, 2007

Blackstone partners may avoid tax on IPO gain: NYT

(Reuters) - Congress is currently weighing whether to raise taxes on the profits made by private equity and hedge fund firms, which would more than double the tax rate from 15 to 35 percent.




The Times said Blackstone's tax move hinged on its use of goodwill, an accounting term for the value of the intangible assets built up by a company over time.


Read more at Reuters.com Government Filings News

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