Fri, Jul 13th 2007 3:37pm
The VC community has expressed concern that changes to the tax code, intended to hit private equity firms, will end up hurting them as well. Given the explosion in alternative investment vehicles and the large sums that these companies have been raking in, politicians have been keen to make sure that they're all paying their "fair share", whatever that means. But perhaps the issue is being overblown on all sides. According to one estimate, the change would only bring the government an additional $2 billion in annual tax revenue. From the perspective of industry and government, that's really a mere pittance. Of course, it should make one wonder why Congress is spending so much time debating this issue. If it's not about raising revenue, and only about going after a successful, high-profile segment of the economy, then the push would mainly seem to be about politics.
If you liked this post, you may also be interested in...
- MPAA's Chris Dodd Tells Each Movie Studio To Donate $40k To Rep. Goodlatte's Election Campaign
- New Appointees To Congressional Oversight Committees Have Deep Ties To Military/Industrial Contractors And The CIA
- Despite Claiming To Want To Negotiate A Net Neutrality 'Compromise,' Many Republicans Rush In To Kill New Rules
- No, Getting Your Music Played On The Radio Is Nothing Like Slavery
- Crunch Time For Surveillance: PATRIOT Act Renewal Vote Next Month A Key Metric In The Fight Against Surveillance