N.Y. Officials Investigate Private Equity Firms | WAMU 88.5 - American University Radio
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N.Y. Officials Investigate Private Equity Firms

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At least a dozen private equity firms are being investigated over their use of a questionable tax strategy, according to The New York Times. The state's attorney general is looking into whether the firms converted fees for managing funds into investment income — allowing it to be taxed at a much lower rate.
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