The Scotsman Scrutineer: Relief for Private Equity Brown's Legacy
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Summary
BIG hugs all round: the private equity industry will breathe a big sigh of relief at Sir David Walker's initial report into the moneyspinning, media-tossed sector. There's highmindedness and commonsense aplenty in Walker's recommendations.
But, crucially, he believes there is no need for greater industry regulation. And he bodyswerves the issue of private equity players often paying tax on their carried gains at 10 per cent rather than the 40 per cent levied on high-income earners generally.See the full content of this document
Extract
The Scotsman Scrutineer: Relief for Private Equity Brown's Legacy
Both these issues were the ticking timebombs in the sector.
To be fair, Walker, one of the great and good of the City as a former head of the old Securities & Investments Board, could s...See the full content of this document
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