The American tax system is a good test case for cheating. We know it’s good to pay taxes because the government does lots of good things for us. At the same time, we have a selfish desire to pay as little in taxes as possible. Our tax returns are self-reporting for our income and characterization … Read more »
Tag: Tax
New York State Bar Position on Carried Interest
Besides the position of Professor Bankman on carried interest, the New York State bar submitted a very detailed report and recommendations to the House Committee on Oversight and Government Reform: New York State Bar Tax Section Report on Carried Interest and Fee Deferral Legislation (.pdf) September, 2008 Read more »
Joseph Bankman Testimony on Hedge Fund Tax Treatment
The House Committee on Oversight and Government Reform held a hearing on hedge funds and the financial market on November 13, 2008. Among those testifying was Professor Joseph Bankman, the Ralph M. Parsons Professor of Law and Business at Stanford Law School: Testimony of Joseph Bankman. Professor Bankman points out that the carried interest of … Read more »
Congress Examining Hedge Funds
On Thursday November 13, 2008, The House Commitee on Oversight and Government Reform held a hearing on hedge funds and the financial market. The following witnesses testified: Professor David Ruder, Northwestern University School of Law, Former Chairman, U.S. Securities and Exchange Commission Professor Andrew Lo, Director, MIT Laboratory for Financial Engineering, Massachusetts Institute of Technology, … Read more »