“There is a tension between economic risk and tax risk that is supposed to be inversely proportional,” Mr. Fleischer said. “The way Bain set it up there’s not much risk at all, so it’s hard to see how this income should receive capital gains treatment.”
http://www.nytimes.com/2012/09/02/business/inquiry-on-tax-strategy-adds-to-scrutiny-of-finance-firms.html?_r=1&emc=na
You know how moonlight, when it’s really bright and cold, seems to hum and stick to you? That’s my favorite thing.
2012/09/03
biggest welfare queens ever
Private equity goons are the biggest welfare queens ever. via @nytimes http://www.nytimes.com/2012/09/02/business/inquiry-on-tax-strategy-adds-to-scrutiny-of-finance-firms.html?comments#permid=135