Identifying obscure but potentially costly tax issues is a skill. Solving them in the context of our client’s goals is an art, and one that Paul, Weiss practices at the highest level. Working closely with the Corporate and Restructuring Departments, our tax lawyers help clients solve problems, avoid pitfalls and uncover hidden value in all types of transactions.
Levin Bill Would Tax Carried Interest as Ordinary Income
June 22, 2007 Full PDF
Legislation was introduced today that would tax holders of carried interests in investment and real estate partnerships at ordinary income rates. The attached memo from the Paul, Weiss Tax Department describes the bill and explores some implications of the proposal.