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The so-called carried interest is treated like capital gains, which is taxed at a much lower rate.
In the long term, Royal Mail still looks attractive given the cashflows and scope for efficiency gains, which is Woodford's argument.
Hedge fund and private equity fund managers typically keep 20 percent or more of the gains, which is known as carried interest, and a percentage of assets under management.
He also thinks Democrats would want to raise rates on capital gains, which is a bigger deal to Republicans than income tax rates.Agreement on taxes constitutes only half of a deal.
It's simply capital gains, which is taxed at 20percentt.
Profit will need to be generated based on new product features and efficiency gains, which is the way it should be.
Similar(38)
Most of their 1998 income came from long-term capital gains, which are taxed at 20percentt.
But equities produce dividends and long-term capital gains, which are taxed at 15percentt.
It followed three months of gains, which were driven by increases in home and apartment construction.
Capital gains, which are the profits when an investment is sold, are now taxed at 20percentt for most taxpayers.
Those losses, he said, are better used to offset short-term gains, which are taxed at a higher rate.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com