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  • The CBI backs review of carry tax egged on by unions
    PEI Staff- 4 January 2013

    Buyout firms came under fire again at the meeting of UK unionists at the TUC, while business lobby group the Confederation for British Industry, led by Richard Lambert, endorsed calls for a wide-ranging examination of the industry’s tax treatment.

  • Hands defends carry tax(3)
    James Taylor- 4 January 2013

    Guy Hands, chief executive of Terra Firma and one of the UK private equity industry’s most forthright advocates, has defended the current tax treatment of carried interest. He believes it is right to distinguish it from other types of remuneration, since it rewards “long-term capital investment” by buyout executives.

  • Hands defends carry tax(2)
    James Taylor- 4 January 2013

    Guy Hands, chief executive of Terra Firma and one of the UK private equity industry’s most forthright advocates, has defended the current tax treatment of carried interest. He believes it is right to distinguish it from other types of remuneration, since it rewards “long-term capital investment” by buyout executives.

  • Hands defends carry tax
    James Taylor- 4 January 2013

    Guy Hands, chief executive of Terra Firma and one of the UK private equity industry’s most forthright advocates, has defended the current tax treatment of carried interest. He believes it is right to distinguish it from other types of remuneration, since it rewards “long-term capital investment” by buyout executives.

  • Hollick warns government; Cohen calls for tax increase(3)
    PEI Staff- 4 January 2013

    Two of the UK industry’s heavyweights have spoken out ahead of the UK parliamentary hearing today. KKR’s Lord Hollick called on the government to reduce tax, while Sir Ronald Cohen said the capital gains tax should increase on carry on funds above £500m.

  • Buyout execs escape committee’s ire(2)
    PEI Staff- 4 January 2013

    After last week’s mauling, the private equity industry gave a solid account of itself at the latest evidence session of the UK Parliament’s investigation, welcoming the Treasury’s review of the tax regime, but warning of consequences if the UK became less competitive.

  • Hollick warns government; Cohen calls for tax increase(2)
    PEI Staff- 4 January 2013

    Two of the UK industry’s heavyweights have spoken out ahead of the UK parliamentary hearing today. KKR’s Lord Hollick called on the government to reduce tax, while Sir Ronald Cohen said the capital gains tax should increase on carry on funds above £500m.

  • Hollick warns government; Cohen calls for tax increase
    PEI Staff- 4 January 2013

    Two of the UK industry’s heavyweights have spoken out ahead of the UK parliamentary hearing today. KKR’s Lord Hollick called on the government to reduce tax, while Sir Ronald Cohen said the capital gains tax should increase on carry on funds above £500m.

  • Chorus of PE tax critics grows(3)
    Amanda Janis- 4 January 2013

    Two former US Treasury secretaries have joined the mounting criticism of carried interest’s tax treatment. ‘[N]o one would want to defend’ GP carry tax status, Lawrence Summers said.

  • Brown: private equity tax review due ‘soon’
    James Taylor- 4 January 2013

    UK prime minister-in-waiting Gordon Brown has told a conference of the GMB, a trade union that has been private equity’s most vociferous opponent in the UK, that a review of the industry’s tax treatment will be published ‘soon’.