{"id":9483,"date":"2008-12-23T00:00:00","date_gmt":"2008-12-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-must-reorganise-to-avoid-obama-era-taxes","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/hedge-funds-must-reorganise-to-avoid-obama-era-taxes.html","title":{"rendered":"Hedge funds &#8216;must reorganise&#8217; to avoid Obama-era taxes"},"content":{"rendered":"<p>Business Intelligence Middle East&nbsp; &#8211; International Tax lawyers are urging private-equity and hedge-fund clients to restructure their partnerships so they can sidestep the higher taxes that president-elect Barack Obama has vowed to impose on their profits. <\/p>\n<p>Obama&rsquo;s promise to revive a failed 2007 bill forcing executives to pay rates of 35% or more instead of the 15% capital-gains tax has prompted lawyers to advise the firms to take measures such as setting up offshore entities. That would help circumvent higher taxes on so-called carried- interest profits that executives at the firms typically earn. <\/p>\n<p>The lawyers say they are pressing their clients to act before the year&rsquo;s end on the assumption that any law or regulatory change won&rsquo;t apply before 2009. <\/p>\n<p>&ldquo;If you wait to do it, then to unwind or restructure later will be very difficult and trigger significant tax penalties,&rdquo; said Mike Kosnitzky, who heads Boies Schiller &amp; Flexner&rsquo;s tax practice in New York and is advising clients. <\/p>\n<p><strong><br \/><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bi-me.com\/main.php%3Fid%3D29064%26t%3D1%26c%3D33%26cg%3D4%26mset%3D\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business Intelligence Middle East&nbsp; &#8211; International Tax lawyers are urging private-equity and hedge-fund clients to restructure their partnerships so they can sidestep the higher taxes that president-elect Barack Obama has vowed to impose on their profits. Obama&rsquo;s promise to revive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4],"tags":[2410,4490,4482,4480,4493,4485,4488,4492,4494,3890,4484,1648,4487,123,1661,4489],"class_list":["post-9483","post","type-post","status-publish","format-standard","hentry","category-private-equity","category-syndicated","tag-amp","tag-assumption","tag-barack-obama","tag-boies-schiller","tag-business-intelligence","tag-capital-gains-tax","tag-flexner","tag-international-tax-lawyers","tag-measures","tag-middle-east","tag-offshore-entities","tag-partnerships","tag-president-elect","tag-profits","tag-regulatory-change","tag-tax-penalties"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9483"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9483\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}