Bill Myers has been a journalist for more than two decades in Chicago, Cambodia and Washington, DC. He started his career at the late, great City News Bureau of Chicago (motto: "If your mother says she loves you—check it out.")
Earlier efforts to reform carried interest taxation had stalled, before US Senator Joe Manchin announced on Wednesday that he and Senate Majority Leader Chuck Schumer had worked out a deal.
New guidelines clear away a web of no-action letters and provide new guidance, possibly opening up the opportunity for private funds to innovate, but coming with their own complexities.
Nearly there!
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