The New Tax Act: Key Provisions for Private Equity Investors.
Mondaq Business Briefing › Nbr. 2003, May 2003
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The New Tax Act: Key Provisions for Private Equity Investors.
The new tax law signed by President Bush in May (the Act) contains several amendments to the Internal Revenue Code that will provide modest benefits to private equity funds and their investors. This article highlights three changes that have received extensive coverage in the popular press: (1) the reduction in long-term capital gain tax rates from 20% to 15%; (2) the re...
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