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...
- Following Congressional Criticism, FBI Leaks Status Update On Recovery Of Clinton Emails To The Press
- Donald Trump Threatens Ridiculous Defamation Lawsuit Over Attack Ad
- Before We Pass CISA As A Response To OPM Hack, Shouldn't We Look At What The Feds' Cybersecurity Practices Were?
- Legislators Want Better Whistleblower Protections, Forget To Include Their Own Staff Members
- Awesome Stuff: Making GovTrack Even More Awesome