Politics & Hedge Fund Taxes

Filed in archive Hedgetalk on June 19, 2007

In the New York Sun an article "Schumer, Clinton on Fence Over Taxing Hedge Funds" says that, "Senators Schumer and Clinton are on the fence over a bill that would force private equity firms and hedge funds to pay higher tax rates if they go public."

In a Febuary story, "Senator Barack obama has backed legislation that would require hedge funds to require their offshore clients to establish anti-money laundering programs in the same way as other US financial institutions, under regulations to be issued by the Treasury Department."

Hedge funds priorities seldom align with those of others in a sector already full of conflict. The rise of hedge fund managers as a political force is expanding the financial sector's Washington presence.

More from an older story here.