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Many of the private equity fund managers and other stakeholders in the equity industry feared that the tax code could be changed if Barrack Obama was elected as the president. Nevertheless, private equity funds investors and limited partners have fought back to stop these tax code changes (Fifield & McCrum, 2012).
Many general partners in the equity industry receive incomes from carried interest deals. This is typically valued about 20% of the fund’s yearly profit. The carried interests are usually charged at a rate of 15% on all capital gains. The Obama administration proposed different changes that could see carried interests being charged equally as incomes, normally 35 percent. Due to these possibilities in changing taxation, many general partners introduced general clauses in the partnership agreements that would enable them to change the terms in case the tax regime was altered (Fifield & McCrum, 2012).
On the other hand, general partners stated that their investors showed minimum interest in their tax rates and had declined requests for controlling the industry in the event that tax breaks emerged. Evidently, these tax breaks benefited buyout groups only. According to Steve Judge, premier of the Private Equity Growth Capital Council, “the political rhetoric surrounding the presidential election certainly brought attention to many aspects of the tax code including carried interest” (Nyhan, 2011). If treatments of capital gain could be accessible to individuals who have money to invest, a policy putting higher values on financial contributions than hard work and vision would be advanced (Fifield & McCrum, 2012).
Due to the ruling made by the European court in France on dividend taxation policies, exchange trade fund providers and securities, lending agents are facing a lot of problems in their revenues. The court stated that France dividend taxation policies favoring domestic funds, was
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The specific macroeconomic issue discussed in this paper is recession and its impact on the regional and global economy. Recession has threatened initially the fiscal viability of the so-called PIIGS countries of Europe or Portugal, Italy, Ireland, Greece and Spain but the crisis has spread to the other European members as well.
Some believe that current events have no relationship to the end times predicted in their scriptures, while others believe that signs point to a swift and forthcoming resolution to the ailments of the world. In Islamic eschatology, information is generally divided according to the "Minor Signs" and "Major Signs".
The bond between the ‘Superpowers’ and their allies began to relax a bit hence the need to cooperate. The conflicting interests in Europe, the Far East and Middle East, in terms of; the military aggression, expenditure, fighting of communists in Asia, and interests of the oil investments in Middle East made the relations grow (Kraft, 2000).
The duration makes the war to be considered a tough slog. During this war, many U.S. troop and other innocent citizens were killed. This led to more troops from US to be deployed in the country. The war got fiercer after the September 11 attacks (Baker, 2009).
In other words, it is the theme of a president’s foreign policy outlined for the country’s role in international politics. From an academic perspective, it can be called the country’s foreign policy, set by the president to be followed during his term.
These governments received support from the Soviet Union. At the onset of the Cold War, the official policy of the United States on communism had been containment. After the inactions of the Reagan Doctrine, the United States changed its policy of stopping the spread of communism to eliminating the existing governments practicing communism.
The successive growth and expansion of higher institutions of learning started about 300 years ago even before the existence of some nations such as United States. In the 17th century, the concept of the American higher education emerged
The balance of inventory of a company represents 30% of the current assets of a business. Due to the importance of inventory companies must monitor this account closely. Techniques such as just-in-time inventory are
The first significant event to have happened was the overthrowing of Shah of Iran in February 1979 (Bogle, 2001). After this, there was a troubled relationship with the successors of Shah. The relationship was complicated by the revolution that was taking place
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