8/27/2013

A court case in the U.S. and a fiscal ruling in Sweden challenge the legitimacy of carried-interest rules used by leveraged-buyout firms to reduce taxes, according to The Economist. "Executives in Sweden and America complain about the uncertainty created by the cases," the magazine says. "They have a point. It would be better to make clear that private-equity profits should be taxed as income, and carried interest done away with."

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