Claire Wilson
Claire Wilson is the editor of private funds management, PEI Media’s cross-asset class legal and compliance-focused title. Based in London, Claire produces and oversees content for privatefundsmanagement.net and the monthly magazine. Prior to joining PEI she covered European energy policy and regulation, and asset management.
The tax reform bill passed at the end of 2017 leaves private fund managers wondering what will befall them, but for now, there are short-term issues to deal with.
The three entities spent more than $5.3m in total trying to influence US government policy in 2017.
More than 50% of respondents to an Association of Corporate Growth survey think the new administration is a neutral or negative for the industry.
Short-term issues will take centre stage as managers wrestle with the newly introduced laws.
The firm was also accused by the SEC of failing to implement an adequate compliance programme.
US managers navigating changes to interest deductibility rules can turn to their British and German counterparts for advice and, if they’re lucky, hope.
Blackstone’s chief executive says the changes could be a game-changer for the Trump presidency and that some provisions will hurt his business.
The House bill includes a proposal to limit interest deductibility, and measures that will increase personal taxes paid by fund managers.
The House bill includes a proposal to limit interest deductibility, and measures that will increase personal taxes paid by fund managers.
A hack on the US Securities and Exchange Commission led to a cybersecurity review, while UK firms must be aware of tax avoidance legislation