I.R.S. Targets Tax Dodge by Private Equity Firms

http://rss.nytimes.com/c/34625/f/640350/s/485abdf4/sc/24/l/0L0Snytimes0N0C20A150C0A70C230Cbusiness0Cirs0Etargets0Etax0Edodge0Eby0Eprivate0Eequity0Efirms0Bhtml0Dpartner0Frss0Gemc0Frss/story01.htm

Private equity firms are permitted to convert management fees into capital contributions, and profits are treated as capital gains or dividend income and taxed at a much lower rate.

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