Hedge Funds Find Themselves Under Increased Tax Scrutiny

July 10, 2007 The Legal Intelligencer

The recent multibillion-dollar initial public offering by the Blackstone Group, a private-equity firm, has focused attention on the tax treatment afforded private equity firms, hedge funds, and similar investment entities. Legislation has been introduced in both the Senate and House of Representatives that is intended to change the generally favorable tax treatment afforded to this segment of the investment community.

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