Franchises, small businesses would suffer under "carried interest" tax

10/29/2007 | Nation's Restaurant News (free registration)

Legislation proposed this summer would alter the way private-equity compensation arrangements are taxed, raising the taxes on "carried interest" payments for managing partners and essentially penalizing entrepreneurial risk-taking, writes Sid Feltenstein, chairman of Sagittarius Brands. Franchise companies are among those who would falter under such legislation because the franchise model relies on investments from numerous parties.

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