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The equity carried ownership rights.
House ways and means chairman Charlie Rangel has a bill to raise taxes on private equity carried interest, but he has delayed voting because he wants to attach it as a payment mechanism for larger legislation - most likely a comprehensive overhaul of the alternative minimum tax, which, lacking an inflation index, every year takes a larger bite out of middle-class wallets.
At a Credit Suisse forum in Miami, in 2013, Rubenstein said of private equity, "Carried interest is really what the business has historically been about — producing distributions for your investors from good sales and I.P.O.s . . . and getting twenty per cent of the profits for yourself".
Managing director Gerald Michaluk said the non-traditional method of raising equity carried "high risk" for the investor but also offered the potential to "do rather well".
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The first Finnish "Jägers" had arrived in Finland on 31 October on a ship called "Equity", carrying a large shipment of weapons from the German Army.
In particular, the term equity carries with it an implicit endorsement of progressive solutions to global health problems.
The pressure in equities carried over to Asia in early trading on Thursday.
Equities carry annual fees of about 1percentt.
DealBook » Rubenstein Expects Congress to Address Carried Interest Tax | David Rubenstein, the Carlyle Group co-founder, predicted that Congress would take up the issue of how private equity's carried interest is taxed, Bloomberg News reports.
REUTERS A Warning on Carried Interest Tax Break | Leon Black, the chief executive of Apollo Global Management, said the tax break on private equity's carried interest "was on the table whoever won" the election, Reuters reports.
He would finance these and other ambitions through tax increases on those making more than $1 million a year, charging rents to charter schools using city facilities and taxing private equity firms' carried interest, to cite a few examples.
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