We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Carried to the bank

7 Dec 2010 By Richard Beales

By all rights, performance fees earned by Steve Schwarzman and friends should be taxed as income instead of capital gains. But Democrats dropped a longrunning effort to do just that to achieve a broader tax deal. Even if it doesn’t affect the deficit much, it sets a bad example.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)